U.S. business borrowing for equipment rises 18% in September: ELFA

U.S. companies' borrowing to spend on capital investments rose 18% in Septe...

FILE PHOTO: The engine and drive train are pictured with the body on the assembly line at the General Motors manufacturing plant in Spring Hill, Tennessee, U.S., August 22, 2019. REUTERS/Harrison McClary

The companies signed up for $10 billion in new loans, leases and lines of credit last month, up from $8.5 billion a year earlier. Borrowings rose 9% from the previous month.

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