The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for August increased by 16 percent compared to August 2009. The MLFI-25, which reports economic activity for the equipment finance sector, reported new business volume declined from $5.6 billion in July to $4.3 billion in August, following two consecutive months of growth. “While some equipment financing metrics are improving and moving in the right direction, other data reflect continued uncertainty about the economy and a less-than-robust economic recovery,” said ELFA president William Sutton in a news release.