Confidence in the equipment-finance market dropped slightly between February and March. The Equipment Leasing & Finance Foundation's index reached 58 last month, compared with 58.7 in February. Nearly 22% of industry professionals surveyed think business will improve in the next four months, up from 20% in February.
Confidence in the equipment-finance market has dropped to a reading of 58 this month, down from February's 58.7, according to an index by the Equipment Leasing & Finance Foundation. The result indicates a stabilization of optimism, after the index rose for two straight months, analysts say.
Regulators are increasing pressure on small banks to get technology and emergency plans in place in case of disaster, experts say. Disaster-recovery testing at small banks increased 67% last year, according to IT-Lifeline, which provides such services.
Industrial output in the U.S. expanded 0.3% in December, fueled by manufacturing and mining, to reach its highest level since 2008, the Federal Reserve said. Capacity utilization edged up to 78.8% in December, the central bank said.
Confidence in the equipment-finance industry increased this month, according to the Equipment Leasing & Finance Foundation. The Monthly Confidence Index for the Equipment Finance Industry reached 61.7, compared with February's 59.6.