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Solid 4Q GDP Likely to Slow in 1Q
A revised estimate by the Commerce Department showed that the nation’s gross domestic product (GDP) grew at a 5.9% annual rate in the 4Q, up from an initial estimate of 5.7% and the best showing in six years. Much of the strength came from a burst in manufacturing as businesses replenished depleted stockpiles. However, consumer spending was not nearly as strong, which means that 1Q growth will likely not be as good, since growth in business investment is expected to diminish. In the 4Q, businesses boosted spending on equipment and software at an 18.2% pace, the fastest in nine years. Foreigners were also hungry for U.S.-made goods and services, which pushed exports up at a 22.4% pace, the best in 13 years. Consumers, however, increased their spending at a pace of just 1.7%. That was weaker than first thought and down from a 2.8% growth rate in the 3Q. If consumer spending trends continue, GDP growth will likely dip to a 2% to 3% range in the coming quarter, some analysts note.
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Date Last Updated: 03/03/2010
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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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