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Austrian Leasing Business Shrinking
In the first half year of 2012, the Austrian leasing industry recorded a new leasing business of € 2.6bn. Against the reference period of 2011, this is a decrease by 19.2%.
Austrian Leasing Business Shrinking / Picture: © Vindobona.org
In the first six months of 2012, 87,442 new contracts were registered. According to the Austrian leasing industry, the main reason of the shrinking new business is the cautiousness of many enterprises. The willingness to invest is going down as the overall uncertainty in Europe continues. Moreover, the long-term refinancing costs increase and liquidity costs are on the…
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