Consumer Confidence Continues to Dwindle
Consumer confidence continued to deteriorate in April, with soaring gas prices and a weakened job market contributing to the gloom. The Conference Board said its Consumer Confidence Index fell to 62.3 in April, down from a revised 65.9 in March and 76.4 in February. The index was at its weakest point since March 2003, when it registered 61.4, just before the U.S. invasion of Iraq. The Conference Board said it's Present Situation Index, which measures consumers'' current assessment of the economy, dropped to 80.7 in April from 90.6 in March. The Expectations Index, which measures consumers' outlook over the next six months, registered a dismal 50.1, compared to an even worse 49.4 in March.
Separately, The Reuters/University of Michigan Survey of Consumers said its final index of confidence for April fell deeper into recessionary territory, to 62.6 from 69.5 in March. The April result is the lowest since March 1982's reading of 62.0, and reflected serious concerns about inflation and the slumping housing market.
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Charter Capital services many industries. Here are just a few of the industries
we are currently financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get cash
with Freight Bill Factoring from Charter Capital. We purchase your freight bills
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 company 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
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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 from
Charter Capital can accommodate the working capital funding needs of both new
manufacturing companies as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology
consulting and staffing firms are great candidates for our FactorLine accounts receivable
funding 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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