MarketWatch (06/29/12) Steve Goldstein
The Chicago purchasing managers index increased to 52.9% in June from May levels of 52.7%, reports ISM-Chicago. Economists polled by MarketWatch anticipated a reading of 53.0%. There was a sizable rebound of production, a slight deterioration in new orders, and a further decline in order backlogs as well as an improvement in employment and slower supplier deliveries. Any reading above 50% indicates expansion.
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.