US business equipment borrowings rise more than 14% in February, ELFA says

U.S. companies increased borrowing to finance equipment purchases by 14.2% year-over-year in February, driven by a surge in activity among independent providers, according to the Equipment Leasing and Finance Association. The print signals firmer business investment demand and could support equipment lessors and credit providers, but is a sector-level datapoint rather than a market-moving macro shock.

Analysis

U.S. companies increased borrowing to finance equipment purchases by 14.2% year-over-year in February, driven by a surge in activity among independent providers, according to the Equipment Leasing and Finance Association. The print signals firmer business investment demand and could support equipment lessors and credit providers, but is a sector-level datapoint rather than a market-moving macro shock.