The Institute for Supply Management’s services sector index rose to 56.3 in May from 55.2 in April. The index had been expected to reach 55.5. Readings above 50 signal expansion. The new orders index increased to 60.5, the highest level since January 2011, from 58.2 in April. The employment index rose to 52.4 in May from 51.3 in April.
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.