FLA: Q1 2021 Industry Outlook Survey Results

Industry News | 04/02/21

The Q1 2021 Industry Outlook Survey results released by the Finance & Leasing Association (FLA) shows that the asset finance, consumer finance and motor finance industry see opportunities for growth over the next year despite the heightened uncertainty caused by the latest restrictions to deal with the Covid-19 pandemic.

Respondents were divided on the outlook for economic conditions, with 52% expecting some improvement over the next twelve months, while 44% expected conditions to worsen.

However, if the latest UK-wide lockdown and the vaccine rollout are successful in bringing the Covid-19 crisis under control, the majority of respondents expected growth over the next twelve months – almost 70% of respondents expected some increase in new business over that period, with 37% expecting new business to increase by 10% or more.

Source: FLA