The Equipment Lease and Finance Foundation (ELFA) is happily finishing up 2017 on a positive note. The Foundation projects the U.S. equipment leasing industry will have a 2.7% growth in 2017. ELFA cites inconsistent economic growth and uncertainty in policy as ongoing risk factors to improved markets but also points to U.S. labor markets as positive growth indicators. Positive influences will likely drive continued consumption and housing growth which will bode well for the industry.
Key verticals expected to improve in the first half of 2017 include agriculture, construction, materials handling, and rail, among others. Additionally, end of 2016 data has improved from prior quarters and the industry is expected to end the year at a 1.1% contraction. To see the full report visit the Equipment Leasing & Finance Foundation website at http://www.leasefoundation.org/research/eo/