Survey respondents pointed to extreme drought conditions that made a hard year even harder, with crop yields below average in some regions.

Designed to collect leadership data, 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 was 57.9, an increase from the June index of 52.8.

The Equipment Leasing & Finance Foundation released the June 2019 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) last week. Designed to collect leadership data, 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 was 52.8, easing from the May index of 59.2.