CCR Magazine

You are here  :Home arrow News arrow Asset finance up 9% in Q1 2017
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Asset finance up 9% in Q1 2017 PDF Print E-mail
Friday, 12 May 2017
New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 5% in March, compared with the same month last year, and by 9% in Q1 2017 overall.

For deals of up to £20 million, asset finance new business in March grew by 14% compared with the same month in the previous year – the strongest rate of growth since August 2016.

The plant and machinery finance and commercial vehicle finance sectors reported new business up in March by 18% and 12% respectively, compared with the same period in 2016. New finance for business equipment was up by 2% over the same period.

Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “The strong growth in asset finance new business in the first quarter of 2017 was above expectations, and reflects the improved outlook for business investment reported by the Bank of England in its May 2017 Inflation Report.

“In the first quarter, the agricultural and construction equipment finance sectors were particularly strong, with new business growth of 43% and 23% respectively, compared with Q1 2016.”
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197