As economic conditions solidify and business confidence continues to recover, the Q2 report from the Equipment Leasing & Finance Foundation predicts that investment in equipment and software is expected to grow 4.2% in 2014.
Highlights from the study include:
- Material handling equipment investment will experience slightly stronger growth over the next 3 to 6 months.
- Agriculture machinery investment will likely see slow growth in the first half of 2014 as both farm yields and commodity prices ease.
- Construction machinery investment will see stronger growth later in the year, but the year-over-year growth figures will appear weak due to a high base year effect.
- All other industrial equipment investment will likely see moderate growth over the next 3 to 6 months as the manufacturing sector’s competitiveness improves.
More on equipment leasing on Material Handling & Logistics.
Material Handling & Logistics is an NED companion site within Penton's Manufacturing & Supply Chain Group.