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Factory Orders Grow 1% in December
Factory Orders grew significantly in December, adding to evidence that the manufacturing sector is supporting the economic recovery. The Commerce Department said orders grew 1% in December, the eighth increase in the past nine months. The advance was led by big gains in orders for metals such as steel and aluminum, as well as machinery. However, orders for transportation equipment as well as computers and electronics dipped slightly. Orders for durable goods, items expected to last several years, grew 1%, while orders for nondurable goods - items such as chemicals, paper and food – also climbed 1%. Demand for transportation products fell 0.5%, led by a 34.1% decline in new orders for commercial aircraft, a volatile category. Demand for motor vehicles and parts, however, grew 2.6%, while orders for defense aircraft and parts jumped 19.8%. Demand for primary metals such as steel increased 8.2%, and orders for machinery gained 6.6%.
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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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