The majority of European lessors anticipate new business volumes will increase over the next six months and profits will also grow, although market positivity has dipped slightly since the end of last year.

The Leaseurope and Invigors Business Confidence Survey found 54% of respondents expect volume growth in the second half of 2013, down slightly from 58% in the previous survey from December 2012.

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Similarly, 55% believe net profits for their business will grow over the period compared to 63% last December.

The survey, which was conducted by Invigors on behalf of Leaseurope in June 2013, also showed most leasing professionals expect bad debt levels to remain the same for the remainder of the year and 59% expect margins to remain static.

However, the level of respondents which expected margins to decrease doubled from 11% in December 2012 to 22% in the latest survey, while 52% also believe operating costs will remain the same.

Just under half of respondents said their businesses were targeting expansion, both through business volume growth in assets sectors such as agricultural equipment and green assets, and through geographic expansion.

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Richard Ryan, a partner with Invigors EMEA, said: "Given the amount of restructuring the European asset finance industry has undergone in the past year, the most recent survey paints a relatively stable picture. Clearly this reflects respondents’ increased confidence in the European economy and in the ability of their organisations to perform against a backdrop of low market and economic growth."