Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
WASHINGTON, Jan. 24, 2024 (GLOBE NEWSWIRE) -- 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 December was $12.5 billion, up 2% year-over-year from new business volume in December 2022.
- WASHINGTON, Jan. 24, 2024 (GLOBE NEWSWIRE) -- 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 December was $12.5 billion, up 2% year-over-year from new business volume in December 2022.
- Receivables over 30 days were 2.3%, up from 2.0% the previous month and up from 1.8% in the same period in 2022.
- Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in January is 48.6, an increase from the December index of 42.5.
- I also anticipate a focus on retail finance programs from hard asset manufacturers, pulling inventory from their dealer channels.”