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Durable Goods Orders up for Third Straight Month
Orders for durable goods increased for the third
consecutive month in February, bolstered by strong demand
for commercial aircraft and machinery – raising hopes that
continued strength in manufacturing will help sustain the
economic recovery. The Commerce Department reported that
orders for big-ticket manufactured goods climbed 0.5% last
month, led by a 32.7% jump in demand for commercial
aircraft, which followed a 134.9% gain in this volatile
category in January. This was offset by a 1.9% drop in
demand for motor vehicles, as automakers continued to
struggle in their efforts to climb out of the recession.
Outside of transportation, orders for machinery increased
4.7% the biggest gain since December, while demand for
primary metals such as steel rose 1.5%. Demand for computers
grew 0.4%, while orders for communications equipment fell
1.7%. The budding economic recovery has been helped
significantly by rising demand for factory goods. U.S.
manufacturers have benefited from increased domestic demand,
as well as increased orders from overseas.
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Date Last Updated: 03/25/2010
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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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