Exports Lift Manufacturing Sector a Little
Driven by strong exports, U.S. manufacturing activity expanded for the first time in five months in June. The Institute for Supply Management said its manufacturing index edged up to 50.2 from 49.6 in May. A reading above 50 indicates an expanding sector, while below 50 signals contraction. For the previous four months, the index had hovered near its lowest level in five years. The weak dollar and robust growth in Europe helped boost U.S. exports. However, demand on the domestic side remained weak and prices rose for nearly all commodities. Manufacturers are "experiencing higher prices for their inputs while demand for their products is slowing," Norbert J. Ore, chairman of ISM's manufacturing business survey committee, said. The ISM's prices paid index, which tracks monthly price increases, grew to 91.5, up 4.5% from 87 in May.
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Factoring, Credit and
Economy News
Date Last Updated: 07/08/2008 |
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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
Demand for security services in the USA is on the rise. Be financially prepared
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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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