Bloomberg (05/16/12) Lorraine Woellert
The output of the nation’s factories, mines, and utilities surged 1.1% in April, the biggest gain since December 2010, the U.S. Federal Reserve reported today. Economists forecasted a 0.6% gain, according to the Bloomberg News survey median. March production was revised up to a 0.6% decrease from the initial estimate of unchanged, while February production was revised to a 0.4% gain from a flat reading. Factory activity alone rose 0.6% in April after a 0.5% drop in the previous month. Capacity utilization—a gauge of slack in the economy—rose to 79.2% in April from 78.4% in March. This is the highest capacity reading of this business cycle.
Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.