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Trade Deficit Shoots up As Economy Strengthens
The U.S. trade deficit surged 10.4% to $40.18 billion in December from November, the Commerce Department reported. It was the biggest imbalance in 12 months and reflected a rebounding economy that is pushing up demand for imports. Imports were up 4.8% to $182.9 billion, led by a 14.8% jump in oil imports. Exports grew for an eighth consecutive month, climbing 3.3% to $142.7 billion, reflecting solid gains in sales of commercial aircraft, industrial machinery and U.S.-made autos and auto parts. For all of 2009, the deficit totaled $380.66 billion, the smallest imbalance in eight years, as demand for imports slackened due to the recession. However, economists believe the deficit will rise in 2010, with gains in imports outpacing anticipated export gains. The December imbalance was the largest since the deficit was at $41.9 billion in December 2008. Since hitting a nine-year low of $25.8 billion in May, the deficit has increased as the U.S. economy has slowly climbed its way out of the recession.
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Date Last Updated: 02/12/2010
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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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