The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity for the $521 billion equipment finance sector, showed overall new business volume for January was $4.2 billion, up 24 percent compared to the same period in 2010.
Separately, the Equipment Leasing & Finance Foundation's Monthly Confidence Index (MCI-EFI) for February is 71.6, a new high since the MCI was launched in May 2009, and an increase from the previous high of 69.7 in January. For more detailed information on the MCI-EFI visit www.LeaseFoundation.org
“After a typical end-of-quarter, end-of-year spike in new business activity, the equipment finance sector seems to be resuming a steady pace of increasing volume,” said ELFA President and CEO William G. Sutton, CAE. “This trend, coupled with a strong outlook by leasing and finance executives about the future of the industry, bodes well for a continued recovery of the sector.”