The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $628 billion equipment finance sector.
“Demand for loans and leases in the industries we serve remains closely tied to external economic factors and conditions, many of which remain volatile and uncertain for the remainder of 2012,” said Russ Nelson, Farm Credit Leasing president. “Year-to-date activity for equipment has remained strong, and we are cautiously optimistic concerning the next eight months.”