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New commercial equipment business volume in February decreased 6 percent month over month and 3 percent year over year, according to the Equipment Leasing and Finance Association’s monthly leasing and finance index.

However, February’s index shows a slowing of volume decreases from January’s decline of 52.1 percent vs. December 2009 and 24 percent vs. January 2009.

The index tracks the volume of commercial equipment financed in the United States.