Equipment Lease Finance Industry Confidence up in March

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The Equipment Leasing & Finance Foundation released the March 2012 Monthly Confidence Index for the Equipment Finance Industry on Friday, March 23. 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 $628 billion equipment finance sector

Overall, confidence in the equipment finance market is 61.7, up from the February index of 59.6, indicating industry participants are optimistic despite concerns that external factors, including gas prices and the upcoming elections, may have on the market.

“I still remain optimistic, but it seems that increasing gas prices, looming elections and lack of comfort with future government regulation have created a rather sluggish first quarter as far as the small business marketplace is concerned,” says Valerie Jester, president of Brandywine Capital Associates. “We had hoped to see sustained momentum from strong fourth-quarter activity, but it has yet to appear.”