Services has predicted a swing towards more asset finance, as
European companies seek new ways of investing in equipment.
Siemens’ report, “Counting the Cost”, reveals that nearly
one-fifth (18.4 percent) of European companies stated that they
were likely to increase their use of asset finance over the next 12
months, for the acquisition of new equipment, technology and
plant.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
“The clear message is that businesses are reacting to banks’
restrictive lending behaviour by proactively seeking alternative
means of accessing working capital to manage their current cash,
liquidity and investment needs,” said the report.
The breakdown by country of companies expecting their use of
asset finance to increase in 2008/2009 is as follows:
France: 25.7%
Germany: 14.5%
Italy: 15.6%
Spain: 17.9%
UK: 13.4%
The survey was conducted between June and August 2008, amongst
2,750 European companies with 50+ employees, in Germany, France,
Italy, Spain and the United Kingdom.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
