U.S. companies borrowed 3 percent less in December to finance their investments in equipment, the Equipment Leasing and Finance Association (ELFA) said on Tuesday, as inflation and Omicron cloud economic outlook.
Firms signed up for $11.8 billion in new loans, leases, and lines of credit last month, compared with $12.1 billion a year earlier. Borrowings, however, rose 49 percent from November.
