EXCLUSIVE-ELFA says capex trends 'heading in right direction'

Newswire

* Delinquencies, charge-offs down year over year * New business volume remains sluggish DETROIT, June 22 (Reuters) - The Equipment and Leasing Finance Association, a trade group representing lenders who finance half the capital equipment investment in the United States, told Reuters on Monday that: * US capex financings fell 6 pct to $4.4 bln in May from $4.7 bln in April; * US capex financings delinquent 30 days or more rose to 4 pct of receivables in May, up from 3.70 pct in April ...

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