Confidence in the market for equipment is holding steady, according to the most recent survey from the Equipment Leasing & Finance Foundation.
For May, the index stood at 65.4 on a 100-point scale, near the same record level the index has had for the last three months.
“We have experienced a transaction flow that appears to be returning to a more normal state after the winter slowdown,” said Valerie Hayes Jester, president of Brandywine Capital Associates Inc. “Companies seem to be getting back on track and ordering equipment that should have been delivered in the first quarter. I am still concerned with the longer term effects of the many changes in our healthcare system as well as still undetermined tax policies that have great impact on small businesses.”
The index is compiled by surveying executives in the $827 billion equipment finance sector.