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Consumer Confidence Plummets in February
The Conference Board said Tuesday its consumer confidence
index fell to 46 in February from a revised 56.5 last month,
underscoring the still-fragile state of the economy. It was
the worst reading in ten months. Since a reading above 90
means the economy is on solid footing, February’s index
reveals that a robust recovery is not around the corner.
Economists noted that heavy snowstorms in many areas of the
country that shut down businesses may have sapped
confidence, but many also believe that consumers aren't
feeling the effects of the nascent economic recovery –
particularly as unemployment remains high.
One gauge of the index, measuring consumers' assessment
of current conditions, dropped to 19.4 from 25.2, the lowest
level since 1983. The other barometer, which measures
consumer expectations over the next six months, fell to 63.8
from 77.3. Consumer anxieties over business conditions, a
weak job market and income prospects were reflected in the
latest report. "The combination of earnings and job
anxieties is likely to continue to curb spending," said Lynn
Franco, director of The Conference Board Consumer Research
Center.
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Date Last Updated: 03/01/2010
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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
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Staffing Firms
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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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