US business borrowing for equipment rises over 5% in December, ELFA says

Core Insights - U.S. companies increased borrowing by 5.9% in December for equipment purchases compared to the previous year, marking the second-highest borrowing level ever recorded [1] Summary by Category Borrowing Trends - The Equipment Leasing and Finance Association reported a 5.9% increase in borrowing for equipment financing in December year-over-year [1] - This increase indicates strong demand for equipment among U.S. companies, reflecting confidence in business growth and investment [1]