A trade group for the lenders that finance half of the capital equipment investment in the U.S....

|By:, SA News Editor

A trade group for the lenders that finance half of the capital equipment investment in the U.S. says the sharp pullback in business borrowing moderated notably in November. ELFA's capex financing index fell 7% to $4B, the smallest year-on-year decline this year. But other metrics, particularly a jump in chargeoffs (to 2.4% from 1.7% m/m) and delinquencies (to 4.5% from 4.2% m/m), suggested businesses were still struggling to service loans.