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Transportation Equipment Growth Forecast to Remain Above 15% for Short Term
Growth in transportation equipment investment is likely to moderate but should stay above 15 percent over the next three to six months, says the Equipment and Leasing Foundation in a quarterly update report.
Included in projected trends for equipment investment in an update to its 2012 Equipment Leasing and Finance U.S. Economic Outlook, the Foundation said construction equipment investment is likely to grow at a relatively slow pace of 1 to 3 percent while industrial equipment investment growth should grow moderately from 5 to 9 percent.
Agriculture equipment investment was estimated to decrease by from 5 to 10 percent while medical equipment was projected to grow at a “slow pace” of 1 to 2 percent.
