Confidence in the equipment finance industry remains stable in June

Confidence in the equipment finance industry remains stable in June

•  51.9% of the survey respondents believe that U.S. economic conditions will get “better” over the next six months, a decrease from 60.7% in May. 48.2% indicate they believe the U.S. economy will “stay the same” over the next six months, an increase from 39.3% last month. None believe economic conditions in the U.S. will worsen over the next six months, unchanged from the previous month. •  22.2% of the leadership evaluate the current U.S. economy as “excellent,” an increase from 10.7% the previous month. 77.8% of the leadership evaluate the current U.S. economy as “fair,” down from 89.3% in May. None evaluate it as “poor,” unchanged from last month. •  In June 48.2% of respondents indicate they believe their company will increase spending on business development activities during the next six months, down from 53.6% last month. 51.9% believe there will be “no change” in business development spending, an increase from 42.9% in May. None believe there will be a decrease in spending, down from 3.6% last month.

•  32.1% of the respondents expect more access to capital to fund equipment acquisitions over the next four months, 67.9% of executives indicate they expect the “same” access to capital to fund business, and none expect “less” access to capital, all unchanged from the previous month.  •  51.9% of the survey respondents believe demand for leases and loans to fund capital expenditures (capex) will increase over the next four months, down from 53.6% in May. 48.2% believe demand will “remain the same” during the same four-month time period, an increase from 46.4% the previous month. None believe demand will decline, unchanged from May. 

•  When asked, 46.2% of the executives report they expect to hire more employees over the next four months, up from 39.3% in May. 50% expect no change in headcount over the next four months, a decrease from 60.7% last month. 3.9% expect to hire fewer employees, up from none in May. June 2021 Survey Results:The overall MCI-EFI is 71.3, a decrease from the May index of 72.1.    •  When asked to assess their business conditions over the next four months, 42.3% of executives responding said they believe business conditions will improve over the next four months, down from 53.6% in May. 57.7% believe business conditions will remain the same over the next four months, up from 46.4% the previous month. None believe business conditions will worsen, unchanged from May.

Source www.mmh.com

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