Improving outlook for economic and market conditions, reports FLA

The Finance & Leasing Association’s latest Q1 2023 Industry Outlook Survey suggests that member sentiment about the outlook for economic and market conditions has improved since the recent low reported in the Q4 2022 Survey.

Challenges to the performance of member companies remain from the high inflation and higher interest rate environment, but the supply shortages experienced since economies opened following the pandemic have generally eased.

Expectations for new business growth over the next twelve months have also improved since the Q4 2022 Survey, with 64% of respondents anticipating some increase, 21% expecting new business to remain stable, and 15% expecting some decrease.

The FLA’s Industry Outlook Survey gauges senior executives’ opinions across the asset finance, consumer finance and motor finance markets about the outlook for the UK economy and the markets they represent. The Q1 2023 survey results are based on responses received from 69 FLA members during that quarter.