MarketWatch (11/27/13) Jeffrey Bartash
Orders for big-ticket U.S. goods fell 2.0% in October, largely because of fewer contracts for jumbo jets, the U.S. Department of Commerce reported today. Economists polled by MarketWatch had expected orders to drop 2.2%. Orders were soft for most major industries excluding autos, pointing to slower U.S. growth in the waning months of 2013.
So-called core capital goods orders fell 1.2% last month after a 1.4% drop in September. That category excludes aircraft and Pentagon spending and is a good proxy for how much U.S. businesses are investing.
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.