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Factory Orders Surge in November
Factory orders surged in November, reflecting strong demand in a number of industries from steel and industrial machinery to computers and chemicals. The Commerce Department said that orders grew 1.1% in November, ahead of what analysts were expecting and another sign that manufacturing is starting to recover. It was the seventh gain in the last eight months. Demand for durable goods, items expected to last at least three years, rose 0.2% in November, after a 0.7% decline in October. Orders for nondurable goods rose 1.8%, following an even stronger 2.2% rise in October. In the durable category, orders for commercial aircraft dropped sharply and demand for motor vehicles was also down. However, orders for iron and steel grew 4.6%, while orders for machinery and computers/electronics jumped 3.3% and 12.8%, respectively. It is hoped that factories will begin rehiring laid off workers as they ramp up production, thus boosting incomes and consumer spending.
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Date Last Updated: 01/14/2010
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Charter Capital services many industries. Here are just a few of the industries for which we are currently providing business financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get financing with Freight Factoring from Charter Capital. We purchase your Freight Invoices
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing business with unlimited payroll funding, whether you're a start up or a multi-million dollar temp-staffing agency. Our clients provide staffing for various industries including Professional, Office Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared to gain your share with a FactorLine business financing facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor, packaging company, or any business that invoices to credit worthy customers, then a FactorLine financing facility from Charter Capital can accommodate the working capital funding needs of both new
manufacturing businesses as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology consulting businesses and staffing firms are great candidates for our FactorLine accounts receivable financing service, enabling you to increase your cash flow without the need for bank loans. We are always adding new industries and will consider factoring service providers in any industry.
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