Credit, Economy and Financial News
Manufacturing Continues to Slide
Manufacturing activity contracted again in December, according to a closely-watched index, as new orders and employment continue to decline. The Institute for Supply Management said its manufacturing index fell to 32.4 in December from 36.2 in November. A reading below 50 indicates contraction in manufacturing, while a reading above 50 signals expansion.
"Manufacturing activity continued to decline at a rapid rate
during the month of December," said Norbert J. Ore, C.P.M., chair of the Institute for Supply Management Manufacturing Business Survey Committee.
"The decline covers the full breadth of manufacturing
industries, as none of the industries in the sector report
growth at this time. New orders have contracted for 13
consecutive months, and are at the lowest level on record
going back to January 1948. Order backlogs have fallen to
the lowest level since ISM began tracking the Backlog of
Orders Index in January 1993."
Return to:
Factoring, Credit and
Economy News
Date Last Updated: 01/07/2009
News Feeds
-
Charter Capital Blog on MerchantCircle
-
Factor My
Invoices Blog
- Small Business and Invoice Factoring News Blog |
 |
|
|
|
|
|
|
|
|
|
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.
|
|
|
|
