Fall of US economic indicators / borrowing of US industrial equipment increased by 6%

According to the report of the International Economic Group of Fars News Agency, citing Reuters, the statistics of the American Industrial Equipment Leasing and Finance Association “Alpha” show that American companies borrowed 6 percent more in October than the same period last year in the industrial and commercial equipment sector.

According to Alpha’s report, these companies signed $11.3 billion in line of credit and leasing contracts last month, up from $10.7 billion a year ago, indicating that these companies have borrowed 6 percent more since January.

“We’re seeing the economic situation getting tougher to get back on track, and that’s causing our success to fall behind every day,” said Jim Carrier, head of Finlock America’s revenue office.

He added: “It is necessary for lenders to adapt to the new economic conditions.”

Alpha, which examines reports and economic and financial activities of equipment manufacturers, worth one trillion dollars, announced that the financial and leasing index stood at 43.7 percent in November, which is lower than the figure of 45 percent in October.

This association emphasized that when this index is above 50, a positive economic outlook can be imagined.

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