For the first time in a year, UK leasing companies in 2021 were more positive towards the future than companies measured in the overall CBI confidence index. The CBI indicator - which measures whether the opinion of UK businesses in general on the state of the country's economy for the next six months - dropped in early 2021, as labor shortages and supply problems were expected to impact output. This was the opposite for leasing companies, where confidence levels increased to the highest level since the start of the coronavirus pandemic. The source mentions this can be attributed to increasing social and economic activity as, for instance, the hospitality industry re-opened in the United Kingdom.
CBI quarterly confidence measurement compared against confidence in the fleet leasing sector in the United Kingdom (UK) from Q1 2019 to Q3 2021
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British Vehicle Rental and Leasing Association. (July 20, 2021). CBI quarterly confidence measurement compared against confidence in the fleet leasing sector in the United Kingdom (UK) from Q1 2019 to Q3 2021 [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1254176/business-and-leasing-confidence-in-the-uk/
British Vehicle Rental and Leasing Association. "CBI quarterly confidence measurement compared against confidence in the fleet leasing sector in the United Kingdom (UK) from Q1 2019 to Q3 2021." Chart. July 20, 2021. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1254176/business-and-leasing-confidence-in-the-uk/
British Vehicle Rental and Leasing Association. (2021). CBI quarterly confidence measurement compared against confidence in the fleet leasing sector in the United Kingdom (UK) from Q1 2019 to Q3 2021. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1254176/business-and-leasing-confidence-in-the-uk/
British Vehicle Rental and Leasing Association. "Cbi Quarterly Confidence Measurement Compared against Confidence in The Fleet Leasing Sector in The United Kingdom (Uk) from Q1 2019 to Q3 2021." Statista, Statista Inc., 20 Jul 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1254176/business-and-leasing-confidence-in-the-uk/
British Vehicle Rental and Leasing Association, CBI quarterly confidence measurement compared against confidence in the fleet leasing sector in the United Kingdom (UK) from Q1 2019 to Q3 2021 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1254176/business-and-leasing-confidence-in-the-uk/ (last visited November 13, 2024)
CBI quarterly confidence measurement compared against confidence in the fleet leasing sector in the United Kingdom (UK) from Q1 2019 to Q3 2021 [Graph], British Vehicle Rental and Leasing Association, July 20, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1254176/business-and-leasing-confidence-in-the-uk/