Consumer Confidence Dips in October
A key indicator of consumer confidence slipped to its lowest level in two years, sparking fears of a lukewarm holiday shopping season. The Conference Board said its Consumer Confidence Index fell to 95.6 from a revised 99.5 in September. It was the lowest reading since 85.2 in October 2005 when gas and oil prices soared after hurricanes Katrina and Rita pounded the Gulf Coast. "Further weakening in business conditions has, yet again, tempered consumers' assessment of current-day conditions and may very well be a prelude to lackluster job growth in the months ahead," said Lynn Franco, director of The Conference Board Consumer Research Center. "In addition, consumers are growing more pessimistic about the short-term future and their rather bleak outlook suggest a less than stellar ending to this year." The Present Situation Index, which measures how shoppers currently feel about the economy, declined to 118.8 in October from 121.2 in the prior month. The Expectations Index, which measures shoppers' outlook over the next six months, declined to 80.1 from 85.0. The report bodes ill for retailers, who are already bracing for a challenging holiday shopping season.
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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
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and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
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whether you're a start up or a multi-million dollar
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Manufacturing
If your business is a manufacturing plant, distributor,
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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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