US business equipment borrowings fall in August, ELFA says

U.S. companies' equipment financing in August saw a 2% year-over-year decrease, but rose 2.8% from July, according to the Equipment Leasing and Finance Association. Credit approval rates reached a high of 78.7%, the best since December 2021. The ELFA anticipates an improved financial landscape due to lower interest rates, potentially boosting equipment and software demand in the coming months.

from International-News-Economic Times https://ift.tt/5aRvoQU

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