Bloomberg (11/16/12) Lorraine Woellert
Industrial production in the U.S. unexpectedly declined in October as Hurricane Sandy knocked out power in the Northeast. Output at factories, mines, and utilities dropped 0.4% last month after a revised 0.2% increase in September that was smaller than previously estimated, according to data released today by the U.S. Federal Reserve. Economists forecast a 0.2% gain, according to the Bloomberg survey median. The central bank said the storm cut total production by almost one percentage point.
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.