Dive Brief:
- An index based on interviews with executives at companies that finance equipment leases for contractors shows that the majority of them expect 2014 to be pretty much like last year — at least early on.
- When asked about the coming four months (January through April) last month, 78.8% said they see no change coming, up or down.
- When the question was extended to the coming six months, 66.7% said the U.S. economy is not going anywhere, whether for good or ill.
Dive Insight:
The Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) is compiled by the Equipment Leasing & Finance Foundation. The foundation says the sector, whose executives contribute to the survey results, is an $827 billion-a-year business.