The SFNet Confidence Index is based on survey responses from senior executives.

Survey respondents assessed aspects of their business and the broader ABL market over the next quarter. Scores above 50 signal improvements, below 50 indicate declines, and at 50 imply an aspect will remain the same. The combined sentiment score increased slightly by 0.3 points to 60, a level that suggests lenders have a slightly positive overall outlook. Lenders reported the most positive expectations for demand for new business, client utilization and portfolio performance. Lenders reported lower expectations around overall business conditions and hiring expectations, with the business conditions index essentially staying flat and the hiring index declining.