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Equipment Finance Industry Confidence Eases in March
The Equipment Leasing & Finance Foundation released the March 2023 Monthly Confidence Index for the Equipment Finance Industry on March 16. 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 is 50.3, a decrease from the February index of 51.8.
“As the pandemic becomes farther in the rear-view mirror, industries affected such as livery, fitness, entertainment and hospitality are now showing strong demand for equipment,” said MCI-EFI survey respondent Nancy Pistorio, Foundation Chair and President at Madison Capital LLC, when asked about the outlook for the future.