MEMBERS of the Finance & Leasing Association (FLA), who last year
financed over 30% of all UK fixed investment through leasing and
industrial hire purchase, are forecasting a gradual improvementt in
business confidence.
The FLA's latest economic survey, carried out at the end of June shows
that 55% of the memebership expect confidence to increase over the next
three months. This is a much lower figure than just after the election
when 83% expected an improvement.
Over the next three months, just over half the members (51%) expect
the demand for leases in the middle ticket range (#50,000 -- #1m) to be
up and fewer members (41%) expect hire purchase transaction in that
range to increase.
In the big ticket area, contracts over #1m, under half the membership
expect the demand to rise.
For the largest transactions of over #5m, this drops to 385 for
leasing and 24% for hire purchase. All these figures are from an
historically low base.
The most promising areas are in small ticket, up to #50,000, with 70%
of members forecasting an increase in leasing and hire purchase and the
motor finance sector, with 60% expecting an improvement.
However, the FLA points out that both these areas have suffered
particularly badly in the recession.
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