After severe declines in equipment and software investment in the first and second quarter of 2020 due to the effects of COVID-19 and the impact of social distancing measures, investment in equipment and software bounced back in the third quarter as the U.S. economy began to reopen.
The Equipment Leasing & Finance Foundation has released the February 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market in February is 58.7, easing but steady with the January index of 59.9.
A recent report from the Equipment Leasing & Finance Foundation estimates that investment in ag machinery will increase over the next 3-6 months, after being up at an annualized rate by 2% in 3Q19.
The Equipment Leasing & Finance Foundation has released the December 2019 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market is 56.2, an increase from the November index of 54.9.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.