Wall Street Journal (09/27/12) Jeffrey Sparshott; Eric Morath
Orders for durable goods sank 13.2% in August, the biggest one-month decline in more than three years, as bookings for autos and aircraft fell sharply, the U.S. Department of Commerce reported today. That was the biggest decrease since January 2009 and the lowest dollar figure for new orders since February 2011. Economists surveyed by Dow Jones Newswires expected a 5.6% drop in August new orders. The report showed that one key barometer of business investment grew in August. Orders for nondefense capital goods excluding aircraft increased by 1.1%, suggesting a small degree of optimism among companies about the economic recovery.
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.