Capital spending on equipment continues to heat up, according to the latest survey by the...

|By:, SA News Editor

Capital spending on equipment continues to heat up, according to the latest survey by the Equipment Leasing and Finance Association. Loans and leases for business equipment in the U.S. rose 9.7% in March Y/Y, capping off a nearly 17% increase in financing activity during Q1. Respondents said they leased $6.8B of new equipment in March, up from $6.2B a year ago.