Industrial Output Down Significantly in August
The nation's industrial output plunged 1.1% in August, the Federal Reserve reported, the worst drop since a 1.8% decline in September 2005 after Hurricane Katrina wreaked havoc on the Gulf Coast. The weakness, which surprised some economists, was led by an 11.9% drop in production of motor vehicles and parts, reflecting tough times for the U.S. auto industry. The weakness in autos contributed heavily to a 1% overall drop in manufacturing, the first decline since a 0.9% dip in April. Production at the nation's utilities was down 3.2% in August, following a 1.6% decline in July. The Fed said output in mining, the category that includes oil and gas drilling, fell 0.4% in August, which reflected precautionary shutdowns of oil platforms in the Gulf of Mexico ahead of Hurricane Gustav. The U.S. manufacturing sector has been slammed by a protracted housing slump, weak demand for autos and the surge in gasoline prices that occurred in the spring and summer.
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Date Last Updated: 09/18/2008 |
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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 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 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
to gain your share with a FactorLine 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 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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