New business volume in the equipment finance sector rose in June, according to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index.

The $903 billion sector showed overall new business volume of $9.5 billion in June, a 4% boost from June of last year. The increase was even larger in comparison to May, with a 34% jump from the $7.1 billion recorded last month. New business volume has been rising all this year, with a 9% increase year-to-date compared to 2014.

The rise in new business volume goes hand-in-hand with the Equipment Leasing and Finance Foundation’s Monthly Confidence Index, which was released last week and showed a reading of 62.6, essentially unchanged from the mark from last June (63.0).

“The level of new business volume at the halfway point in the year is higher than in any similar period since at least the Great Recession. In most sectors, ELFA members report robust performance, in terms of both originations and portfolio quality,” said ELFA president and CEO William G. Sutton. “Tempering this ‘things can’t get much better’ mantra is a realization that various internal and external influences, including a gradually higher interest rate environment domestically and economic woes experienced by our trading partners in the Eurozone and elsewhere, could well slow the trajectory and velocity of capital spending. Time will tell.”