Factory Orders Up in December
The Commerce Department reported that factory orders rose 2.3% in December, up from a 1.7% gain in November. It was the biggest increase since July and was welcome news in light of the struggling economy. Orders for durable, or big-ticket goods that are expected to last at least three years, increased 5% in December, up from a 0.5% advance in November. Demand for nondurable goods, including clothing, textiles and beverages, dipped 0.4%, compared with a 3% jump in November. For all of 2007, factory orders rose 1.4%. It was the worst performance since 2002, when the economy was struggling to recover from the 2001 recession. In 2006, factory orders increased 5.1%.
Return to:
Factoring, Credit and
Economy News
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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
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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