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

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.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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?🤣🤣
Source: BusinessInsider - 🏆 729. / 51 Read more »

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?🤣🤣
Source: BusinessInsider - 🏆 729. / 51 Read more »