By James Callery
New business provided to fund investment in construction equipment grew by 41% in October compared to last year, according to data released by the Finance & Leasing Association.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Figures show a £134 million investment in October and £1.2 billion over the past 12 months, a rise of 13%.
Overall, the asset finance market reported a 4% growth by value to £1.9 billion in October for new business deals up to £20 million, with a steady monthly increase since April.
New business was up 2% for the first 10 months of the year to £17.7 billion compared with the same period in 2012.
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
