while the rate of inventory accumulation declined sharply. Investment continued to rise-though by much less than in 1969 Thereby to improve their liquidity positions and to lighten the Substantial volume of short-term debt incurred in 1969 and The changed composition of external financing last year reflected, in part, the efforts of corporations to fund a portion of the The flow of internal funds in 1970 was about the same as in each In total, funds raised by nonfinancial corporations in creditĪnd capital markets changed little from the record rate of 1969. LONG-TERM FINANCING by corporations in capital markets inġ970 was three-fifths again as large as in the preceding year.īorrowing in shorter-term form, on the other hand, which hadīeen exceptionally large in 1969, declined to the lowest level sinceġ964.
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