Leasing among French businesses fell 23.5
percent last year, which France’s leasing association Association
Française des Sociétés Financières (ASF) described as an
“unprecedented drop” in the local market, worse than the 19.6
percent recorded in 1993.
In total, new business volume achieved €18.9
billion. The steep decline of the first half slowed down in
the last months of the year, the association said. Lease purchase
business had the steepest drop, with a 27 percent fall,
while other forms of financing declined some 20 percent.
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The sectors with the best performance were IT
and office equipment (down “only” 3.8 percent), while wheeled
assets fell 23.9 percent, and other equipment dropped over 30
percent.
All the sectors monitored by the association
recorded a decrease, ASF figures show. The only exception was real
estate leasing, which had a 1.6 percent increase, though the more
traditional forms of real estate financing for businesses were
halved compared with 2008.
Antonio Fabrizio
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