Asset finance for New Zealand’s contractors and developers is more important than ever says one of the country’s leading non-bank lenders Partners Finance & Lease as the construction industry boosts latest economy growth.
Construction contributed to a 0.6 percent increase in New Zealand’s economy according to latest statistics from Stats NZ. Gross domestic product rose by 0.6 percent in the September 2017 quarter, following an increase of 1.0 percent in the June 2017 quarter.
“Construction activity recovered this quarter, unwinding the previous two quarterly falls,” national accounts senior manager Gary Dunnet said. “This reflected higher construction-related investment, with investment in infrastructure and residential buildings also reporting strong increases.”
Director of commercial asset finance firm Partners Finance & Lease, Francis Fitzgerald, said: “It’s great to see the construction industry leading the way; a buoyant industry means more opportunity for growth which is always positive news for New Zealand businesses.
“We work with a range of construction firms across the country, whether it’s a nearly new truck in Timaru or funding for a new fleet of farm vehicles near Auckland, we provide solutions for all size-businesses.”
Call Partners Finance & Lease today on 0800 727 101 about a finance solution for your firm.