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Industry Growth Trending Up for the Year

By ljnstaff
December 01, 2017

The Equipment Leasing & Finance Foundation has released its Q4 update to the 2017 Equipment Leasing & Finance U.S. Economic Outlook, which increased its yearly equipment and software investment forecast to 4.3%, up from 3.6% forecast in the Q3 Outlook.

The more favorable forecast is based on a combination of continued elevated business confidence, a recovering oil sector, and the release of pent-up demand following lackluster investment growth in 2016. The report predicts that equipment and software investment will improve significantly from last year's performance, even as uncertainties relating to tax and trade policy, along with heightened geopolitical tensions, create a mix of opportunities and risks.

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