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Japan's factory activity declines accelerate, services sag, PMI shows

US business equipment borrowings down more than 7% y/y in February, ELFA says

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U.S. companies borrowed 7.4% less to finance equipment investments in February compared with the same period a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday.
The U.S. businesses experienced a significant decline in equipment borrowings in February, with a year-over-year decrease of more than 7%, according to the Equipment Leasing and Finance Association (ELFA). This drop reflects a cautious approach by businesses amidst economic uncertainties, including high interest rates and concerns over a potential recession. Despite the downturn, ELFA's confidence index showed a slight improvement, suggesting some optimism about future economic conditions. However, the overall lending environment remains challenging, with banks tightening credit standards, which could further impact business investments in equipment.

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[ https://www.msn.com/en-ca/money/other/us-business-equipment-borrowings-down-more-than-7-y-y-in-february-elfa-says/ar-AA1BzqzD ]