The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for August was $9.2 billion, up 3% year-over-year from new business volume in August 2018. Volume was down 2% month-to-month from $9.4 billion in July. Year to date, cumulative new business volume was up 3% compared to 2018.