Wall Street Journal Online (05/24/12) Kathleen Madigan
A new “flash” purchasing managers’ index (PMI) compiled by data provider Markit reportedly dropped to 53.9 in May from 56.0 in April, meaning the index is the lowest since February. Markit has been reporting PMIs for other national economies, but it has recently added the U.S. In May, the PMI subindexes covering output, orders, and employment remained above 50, meaning expansion, but they slowed.
Markit says the U.S. flash index has results from 85% to 90% of its full survey panel of over 600 companies. U.S. economy-watchers have so far paid more attention to the PMIs reported by the Institute for Supply Management.
Exclusive Guide From Gibraltar—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.