News Formal

US business equipment borrowings up 11% in May, ELFA says

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 27 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

ELFA News

Equipment Investments,Equipment Finance

Companies 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...

A long exposure picture shows the One World Trade Center building peaking through the Manhattan skyline, as seen from New Jersey

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

 

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

 /  🏆 47. in US

United States United States Latest News, United States United States Headlines

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

Benign U.S. inflation could support stock market laggardsSmall caps and financial companies may see increased investor interest
Source: globeandmail - 🏆 5. / 92 Read more »

Canadian Screen Awards: 'Little Bird' wins 11 trophies at pair of industry galas'Little Bird' was the big winner at a pair of industry galas for the Canadian Screen Awards on Wednesday that recognized excellence in TV.
Source: CP24 - 🏆 30. / 67 Read more »