Rental Equipment surveys have been released demonstrating an upward trend in the construction
equipment rental industry. The Rental Sentiment Index for the month of April
registered 6.4, its highest level since November 2013.
The Rental Sentiment Survey gauges the outlook of the
construction equipment rental industry by polling industry executives for their
expectations on rental revenues, rates, volumes, utilization, capital
expenditures and the general outlook for the rental industry, RER reported.
The results of this month’s survey demonstrate that the industry has a continued positive outlook on the rental market. April’s survey showed a marked improvement of 60% of respondents indicating that their outlook was slightly or significantly improved, up notably from last month's 49%, according to RER.
A 6.4 reading signals modest-to-moderate rental expansion, which industry experts consider to be the optimal growth environment for equipment rental companies because it encourages the ongoing secular penetration of rentals and mitigates against over-investment in the rental fleet, RER reported.
source: http://www.monitordaily.com/construction-equipment-rental-highest-nov-2013/
