Wall Street Journal (08/15/14) Josh Mitchell; Eric Morath
U.S. industrial production increased 0.4% in July from the previous month, according to the U.S. Federal Reserve. Capacity utilization increased 0.1 percentage point to 79.2%. Economists surveyed by the Wall Street Journal had forecast that output would increase 0.2% and a utilization rate of 79.1%. Manufacturing production rose 1.0%, and vehicle production saw the biggest jump since July 2009 with a 10.0% increase. Overall output has increased steadily over the last six months and in July was up 5% from a year ago, indicating the economy is gaining traction.
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.