Monthly, YTD Leasing and Finance Volume Grows
The Equipment Leasing and Finance Association (ELFA) released the Monthly Leasing and Finance Index (MLFI-25) for June showing new business volume was up year over year, month to month and up year-to-date for 2015.
The association's Monthly Leasing and Finance Index reports economic activity from 25 companies representing a cross section of the $903 billion equipment finance sector. It showed their overall new business volume for June was $9.5 billion, up 4 percent from new business volume in June 2014. Volume was up 34 percent from $7.1 billion in May. Year to date, cumulative new business volume increased 9 percent compared to 2014.
Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) for July is 62.6, remaining essentially the same as the June index of 63.0.
ELFA President and CEO William G. Sutton, CAE, said, “The level of new business volume at the halfway point in the year is higher than in any similar period since at least the Great Recession. In most sectors, ELFA members report robust performance, in terms of both originations and portfolio quality. Tempering this ‘things can’t get much better’ mantra is a realization that various internal and external influences, including a gradually higher interest rate environment domestically and economic woes experienced by our trading partners in the Eurozone and elsewhere, could well slow the trajectory and velocity of capital spending. Time will tell.”
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