The Equipment Leasing & Finance Foundation released its September 2018 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector. Overall confidence in the equipment finance market rose in September to 65.5, up from the August index of 60.7. "The summer of 2018 has been brisk with activity and funded volume has been strong," said MCI-EFI survey respondent David Normandin, CLFP, managing director, Commercial Finance Group, Hanmi Bank. "Continued economic confidence and indicators lead me to believe that this will continue in the short term, thus I am optimistic about the remainder of 2018 and the start of 2019."
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