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U.S. companies borrowed 7% less to finance equipment investments in March compared to a year ago, industry body Equipment Leasing and Finance Association said on Monday. Companies...
Companies signed up for new loans, leases and lines of credit worth $9.3 billion in March, up 18% sequentially. ELFA, which reports economic activity for the over $1 trillion equipment finance sector, said credit approvals for U.S. companies in January came in at 77%, up from 76% a month earlier. ELFA's leasing and finance index is based on a 25-member survey, including Bank of America and financing units of Caterpillar, Dell Technologies, Siemens AG, Canon Inc and Volvo AB.
After years of supply chain issues leaving equipment dealer lots sparse, inventories of new tractors and other machinery are beginning to normalize.
Top stories from the Russian press on Thursday, February 29th
U.S. companies borrowed 6% more to finance equipment investments in January compared to a year ago, industry body Equipment Leasing and Finance Association said on Friday. Companies...