U.S. business borrowing for equipment falls about 7% in April: ELFA

📆 27-05-20 05:15:00
📰 Reuters

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

U.S. companies' borrowings for capital investments fell about 7% in April from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Tuesday.

Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease on the floor at the New York Stock Exchange in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid

The companies signed up for $8.2 billion in new loans, leases and lines of credit last month, down from $8.8 billion a year earlier. Borrowings fell 8% from the previous month. This pattern is expected to continue into the summer months as the nation’s economy dips into a recession, he added.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

US hospitals reported grim financial results for April - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Which system?🤣🤣
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »