42 percent of asset finance professionals anticipate a fall in
new business volumes over the next six months compared to 29
percent in September 2008, according to an asset finance business
confidence survey.
The Leasing Life / Invigors Pan-European
barometer survey of business confidence showed that the asset
finance industry is much more pessimistic about its short-term
outlook than six months ago, particularly in areas such as volume
outlook, service levels and expenditure/staff numbers.
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However, the survey also revealed that two-thirds expect to
strengthen their position against competitors over the next six
months, mainly because they are better capitalised or have the
resources of a bank parent behind them.
Many also expect the number of competitors will decrease, and
consider themselves ready to move into their space.
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By GlobalData
