Washington, DC, July 12, 2017 – Investment in equipment and software is expected to grow 3.6 percent in 2017, according to the Q3 update to the 2017 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation. The Foundation revised its 2017 equipment and software investment growth forecast up from 2.8% growth expected in its Q2 update to the 2017 Economic Outlook released in April. The report predicts that equipment and software investment should continue to bounce back from a lackluster 2016 after a solid start in the first quarter of 2017, driven by overall improvements in business confidence and a more positive outlook for the industrial sector. The Foundation’s report, which is focused on the $1 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 2017.
Ralph Petta, President of the Foundation and President and CEO of the Equipment Leasing and Finance Association, said, “Stronger-than-expected first quarter capital investment points to a more robust forecast for the year. This is borne out not only by industry performance metrics, but also by anecdotal reports from leasing and finance executives in a variety of key industry sectors. Headwinds emanating from Washington, DC may alter this trajectory as the summer wears on, but, for now, it appears that 2017 growth should eclipse that in 2016."
Highlights from the study include:
The Foundation produces the Equipment Leasing & Finance U.S. Economic Outlook report in partnership with economic and public policy consulting firm Keybridge Research. The annual economic forecast provides a three-to-six month outlook for industry investment with data, including a summary of investment trends in key equipment markets, credit market conditions, the U.S. macroeconomic outlook and key economic indicators. The Q3 report is the second update to the 2017 Annual Outlook, and will be followed by one more quarterly update before the publication of the 2018 Annual Outlook in December.
Download the full report at www.leasefoundation.org/research/eo/.
The Equipment Leasing & Finance Foundation is a 501c3 non-profit organization dedicated to inspiring thoughtful innovation and contributing to the betterment of the equipment leasing and finance industry. Funded through charitable individual and corporate donations, the Foundation focuses on the development of in-depth, independent research and resources for the advancement of equipment finance industry knowledge. Visit the Foundation online at www.LeaseFoundation.org.
All Foundation studies are available for free download from the Foundation’s online library at http://store.leasefoundation.org/.