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.
The U.S. housing inventory reached its lowest level in five years at the end of 2012 and was down 17.3% from a year earlier, according to data from Realtor.com. The low supply helps explain the recent increase in home prices.
Confidence in the equipment-finance industry increased slightly this month, according to an index by the Equipment Leasing & Finance Foundation. The monthly index reached 62.1 in April, up from March's 61.7. This is the fourth straight month of increase. Thomas Jaschik, president of BB&T Equipment Finance, said still-cautious consumers made respondents cautious as well.
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.
Confidence in the equipment-finance market is growing, according to the Equipment Leasing & Finance Foundation's monthly index for February. The index reached 59.6, compared with January's 59. Despite a cautious view of the global economy, survey participants were optimistic about the industry for 2012. "The current outlook would indicate strong growth in loan and lease demand for equipment finance through 2012," said Russell Nelson, president of Farm Credit Leasing Services.