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Equipment Finance News Equipment finance market confidence drops Published: 22nd November 2016 Share Confidence in the equipment finance market has dropped, according to the Equipment Leasing & Finance Foundation’s regular monthly survey, conducted just before the new US presidential was announced. The Foundation’s monthly confidence index for the equipment finance industry (MCI-EFI) now stands at 54.6, down from the October index of 56. The majority of executives submitted their MCI survey responses prior to the US elections. The results show a doubling in the number of respondents who believe business conditions will worsen, with 17.2% demonstrating some pessimism, up from 6.1% the previous month. Most (69%) expect business conditions to remain the same. The same proportion (69%) predict demand for leases and loans to fund capital expenditures will remain the same over the next four months, and currently only 13.8% of survey respondents believe demand will increase over the next four months, compared to 24.2% in October. None of those polled evaluate the current US economy as “excellent,” unchanged from last month, but view it as “fair”. As before, around two thirds (65.5%) of survey respondents indicate they believe the US economy will “stay the same” over the next six months. Pat Sweet Correspondent - Asset Finance Connect Sign up to our newsletter Featured Stories NewsTransport UK London Bus expands electric fleet NewsPACCAR reports strong Q3 revenues and profits Corporate Member NewsPropel Finance assists family-run business with green transition Equipment Finance