New leasing business grew by 6% in Germany in the first half of the year compared to the same period in 2014, according to the German leasing association Bundesverband Deutscher Leasing-Unternehmen (BDL).
In the second quarter of the year new leasing business grew by 5% year-on-year, a slower rate than the 7.2% year-on-year increase witnessed in the first quarter.
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Machinery equipment leasing volumes recorded a growth of 10% year-on-year in the first half of 2015, while car leasing volumes rose by 7%. The leasing of commercial vehicles increased by 3.5%.
On the contrary IT leasing posted a decline in volumes. New business volumes of computers, servers and printers decreased by 13% in the first half of the year compared to the same period in 2014.
Horst Fittler, chief executive at BDL, called for fiscal incentives to close the annual investment gap of 80bn, and said: "Although the economy is gradually recovering, the private investment remains below expectations. Many corporate leaders are insecure and reluctant to expand their investments. Our strong growth shows that the leasing business, especially in uncertain times is a reliable partner of the company. "
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By GlobalData
