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Leasing and Finance Industry Economic Outlook
The Equipment Leasing & Finance Foundation's (“ELFA”) 2016 Equipment Leasing & Finance U.S. Economic Outlook reports that investment in equipment and software is expected to grow by a modest 4.4% in 2016.
The moderate growth forecast by the report considered a variety of economic challenges such as weakness in the global economy (particularly China), low commodity prices, and a strong dollar diminishing businesses' incentive to invest. Tipping the balance on the growth side in the equipment finance sector, however, is the strengthening U.S. economy and elevated propensity to finance. The Foundation's report, which is focused on the $1.046 trillion equipment leasing and finance industry, highlights key trends in equipment investment and places them in the context of the broader U.S. economic climate. The report will be updated quarterly throughout 2016.
Key Takeaways
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