business revenues rise by 8.4 percent to €20.4 billion in the first
three quarters of 2008, according to new statistics released by the
Association Française des Sociétés Financières, the French leasing
association.
The data reveals that leasing forms the bulk of new business, worth
€18.7 billion or 92 percent
of the total. This represents an increase of 8.2 percent
year-on-year, after the slowdown experienced by lessors over the
summer (when the market only grew 5.7 percent).
The highest growth in new business can be attributed to finance
leases, which grew 13.5 percent or €9.6 billion. This is the
fastest growth for the industry since 2000, according to the
association.
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Separately, factoring companies saw double-digit growth in new
business – 15.5 percent – to reach €100.4 billion worth of
invoices. Year-on-year this is a slight slowdown, as the market had
grown by 22.5 percent in the first three quarters of 2007.
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