News Formal

US business equipment borrowings fall 4% in June, ELFA says

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 20 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 112%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

July 23 - U.S. companies borrowed 4% less to finance equipment investments in June than a year ago, industry body Equipment Leasing and Finance Association said on Tuesday.

ELFA, which reports economic activity for the more than $1-trillion equipment finance sector, said credit approvals for U.S. companies came in at 75%, unchanged from May. The Equipment Leasing & Finance Foundation, ELFA's non-profit affiliate, said its confidence index for July stood at 50.7, up from 50.2 in June. A reading above 50 indicates a positive business outlook.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

US business equipment borrowings fall 4% in June, ELFA saysNew loans, leases and lines of credit signed up by companies in June were down 2% from $10.20 billion a month ago. ELFA, which reports economic activity for...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

US business equipment borrowings up 11% in May, ELFA saysCompanies signed up for new loans, leases and lines of credit worth $10.2 billion in May, down 7% from a month ago. The Washington-based company, which...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »