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Leading Indicators up for Tenth Straight Month
The Conference Board said its index of leading economic
indicators – considered a barometer of future economic
activity – grew 0.3% in January, following a 1.2% gain in
December and a 1.1% increase in November. It was the tenth
consecutive month of gains for the index, although the
January gain was moderate compared to previous months. The
increase was a sign that the economic recovery should
continue through spring, said Conference Board economist Ken
Goldstein.
Five of the ten components in the index showed
improvement in January: the interest rate spread, supplier
deliveries to companies, average weekly hours worked in the
manufacturing sector, stock prices and consumer
expectations. The interest rate spread, which is the
difference between the cost of borrowing money for ten years
and borrowing overnight, widened. A wider gap can signal
that investors expect inflation to increase or that they
expect economic activity to grow. The money supply, an
increase in weekly claims for unemployment aid, fewer
building permits for future home construction and
manufacturers' new orders for capital goods were a drag on
the measure. Manufacturers' new orders for consumer goods
were steady.
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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
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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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