Equipment Leasing & Finance Foundation Forecasts 8.5% Growth In Equipment & Software Investment
April 18, 2018 - The Equipment Leasing & Finance Foundation released its Q2 update to the 2018 Equipment Leasing & Finance U.S. Economic Outlook forecasting investment in equipment and software to grow 8.5% in 2018, revised down from 9.1% in the Economic Outlook published in December. GDP is forecast to grow 2.7%, unchanged from the December Outlook.
Given that nearly 8 out of 10 U.S. businesses finance some or all of their equipment, I hope you will find the press release below of interest. It focuses on the $1 trillion equipment finance industry, and includes equipment investment expectations for 12 key verticals, including construction machinery. It forecasts that construction machinery investment growth should remain strong over the next three to six months.
The report is available at https://www.leasefoundation.org/industry-resources/u-s-economic-outlook/