Italy’s leasing market saw a decrease in new
business of almost 20.8 percent in 2008 according to official
data released by Italy’s leasing association Assilea.
The fall was particularly evident in real estate leasing. New
real estate leasing contracts totalled €15.1 billion, down by 34
percent compared to 2007.
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Equipment leasing also was badly affected, reporting a drop of
11.4 percent.
Vehicle leasing and train, ship and aircraft leasing reported a
smaller drop, respectively of 7.5 percent and 2.3 percent.
Assilea’s chairman Rosario Corso said that “a strong and
well-constructed action” was needed to relaunch investments within
the SME sector, “which through leasing could react to the crisis
and regain the competitiveness and productivity needed to survive
within the new macroeconomic context.”
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By GlobalData
