⁍ U.S. companies’ borrowings for capital investments fell about 13% in September from a year earlier.

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⁍ The companies signed up for $8.7 billion in new loans, leases and lines of credit last month, down from $10 billion a year earlier.

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– US companies ramped up their borrowing to buy new equipment in September, but at a slower pace than they did a year ago. The Equipment Leasing and Finance Association said companies signed up for $8.7 billion in new loans, leases, and lines of credit in September, down 13% from a year earlier, Reuters reports. But borrowings in September rose 24% from the previous month. “Despite the drop in September year-over-year new business, a look at the data beginning with the advent of the pandemic in February shows that the industry, in general, is holding its own,” said ELFA’s CEO. “Anecdotal evidence from some ELFA member companies indicates they are enjoying a very strong year.”