XM does not provide services to residents of the United States of America.

US business equipment borrowings up 6% in January, ELFA says



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>US business equipment borrowings up 6% in January, ELFA says</title></head><body>

Feb 23 (Reuters) -U.S. companies borrowed 6% more to finance equipment investments in January compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Friday.

Companies signed up for new loans, leases and lines of credit worth $9.3 billion in January, down 26% sequentially.

"It's especially encouraging to kick off in positive territory since equipment investment—the lifeblood of the equipment finance industry—is forecast to pick up in the second half of the year," ELFA President and CEO Leigh Lytle said.

ELFA, which reports economic activity for over $1-trillion equipment finance sector, said credit approvals for U.S. companies in January came in at 76%, up from 75% the preceding month.

The Washington-based company's non-profit affiliate, the Equipment Leasing & Finance Foundation, said its confidence index for February stood at 51.7, up from 48.6 for January. A reading above 50 indicates a positive business outlook.

ELFA's leasing and finance index is based on a 25-member survey, including Bank of America BAC.N and financing units of Caterpillar CAT.N, Dell Technologies DELL.N, Siemens AG SIEGn.DE, Canon Inc 7751.T and Volvo AB VOLVb.ST.




Reporting by Abhinav Parmar in Bengaluru; Editing by Tasim Zahid

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.