Capital-equipment financing drops for seventh straight month

03/24/2009 | Reuters

Capital-equipment investment funding dropped in February in the U.S. for the seventh month in a row, according to the Equipment Leasing and Finance Association. Capex financing for last month fell 37.7% compared with levels from a year earlier. Members of the trade association include the in-house financing arms of Caterpillar and Deere & Co.

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