Equipment financing slipped 7% in November

Capital equipment financing remains largely stagnant, with an industry survey showing financing volume in November down 7% on the previous year's already-depressed levels. Companies financed about $4 billion for capital investments in November, the survey found, down from usual monthly figures of $6 billion or $7 billion. "We're just slogging along the bottom," said one finance-association president. "Companies are still having a tough time."

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