Asset finance new business grew by 5% in April

Asset finance new business, primarily in leasing and hire purchase, grew by 5% in April compared with the same month last year, the latest research by the Finance & Leasing Association (FLA) suggests.

Geraldine Kilkelly, head of research and chief economist at the FLA, said: “Asset finance new business increased by 8% in the first four months of 2017, in line with our expectations of single digit growth for the year overall.”

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