KHL: ERA Reduces European Rental Growth Forecasts

The European Rental Association (ERA) has revised downwards its growth forecasts for Europe's equipment rental industry in the face of continued economic uncertainty in the Eurozone area.

Last November the association forecast European rental growth of 4.0% for 2012 followed by 3.8% in 2013, but it now thinks that growth this year will be much more modest at 1.5%, with 2013 downgraded to 3.5%.

The updated figures were presented at the ERA's annual convention in Oslo by Marianne Chalcraft of Lavendon Group, who is chair of the ERA's statistics committee.

For more about European rental growth forecasts...