Washington, D.C. (Feb. 14, 2018)—The Equipment Leasing & Finance Foundation (the Foundation) released the February 2019 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future, as reported by key executives from the $1-trillion equipment finance sector. Overall, confidence in the equipment finance market increased in February to 56.7, an increase from the January index of 53.4.

When asked about the outlook for the future, MCI-EFI survey respondent Frank Campagna, Business Line Manager, M&T Commercial Equipment Finance, said, “Our optimism in the economy requires putting a blind eye to the current political climate with the hope that sensible minds will prevail. We are seeing a demand in most industry sectors and geographic regions that we serve. Clients, especially in the transportation sector, are turning over equipment more frequently and are returning to using tax lease structures more than in the recent past. Clients are also more interested in discussing financing alternatives and engaging in the planning process with us early, which indicates a willingness and need to spend on capex.”

February 2019 Survey Results:


•   When asked to assess their business conditions over the next four months, 10 percent of executives responding said they believe business conditions will improve over the next 4 months, unchanged from January. 83.3 percent of respondents that believe business conditions will remain the same over the next four months, an increase from 70 percent the previous month. 6.7 percent believe business conditions will worsen, down from 20 percent who believed so the previous month.

•   13.3 percent of survey respondents believe demand for leases and loans to fund capital expenditures (capex) will increase over the next 4 months, an increase from 3.3 percent in January. 83.3 percent believe demand will “remain the same” during the same 4-month time period, an increase from 80 percent the previous month. 3.3 percent believe demand will decline, down from 16.7 percent who believed so in January.

•   20.7 percent of the respondents expect more access to capital to fund equipment acquisitions over the next 4 months, down from 21.4 percent in January. 79.3 percent of executives indicate they expect the “same” access to capital to fund business, an increase from 78.6 percent last month. None expect “less” access to capital, unchanged from last month.

•   When asked, 26.7 percent of the executives report they expect to hire more employees over the next 4 months, a decrease from 33.3 percent in January. 56.7 percent expect no change in headcount over the next four months, an increase from 53.3 percent last month. 16.7 percent expect to hire fewer employees, up from 13.3 percent last month.

•   36.7 percent of the leadership evaluate the current United States economy as “excellent"; 63.3 percent of the leadership evaluate the current U.S. economy as “fair"; and none evaluate it as “poor,” all unchanged from last month.


•   13.3 percent of the survey respondents believe that U.S. economic conditions will get “better” over the next 6 months, up from 10 percent in January. Seventy percent of survey respondents indicate they believe the U.S. economy will “stay the same” over the next 6 months, an increase from 50 percent the previous month. 16.7 percent believe economic conditions in the U.S. will worsen over the next six months, a decrease from 40 percent in January.

•   In February, 20 percent of respondents indicate they believe their company will increase spending on business development activities during the next 6 months, a decrease from 26.7 percent last month. Eighty percent believe there will be “no change” in business development spending, an increase from 73.3 percent in January. None believe there will be a decrease in spending, unchanged from last month.

For more information, visit leasefoundation.org