Wall Street Journal (11/17/15) Harriet Torry; Josh Zumbrun
U.S. industrial production declined a seasonally adjusted 0.2% in October from September, according to the U.S. Federal Reserve. Meanwhile, capacity utilization declined from an upwardly revised 77.7% in September to 77.5% in October. Economists polled by the Wall Street Journal had forecast industrial production would be flat in October and capacity utilization would be 77.5%.
Manufacturing output increased by 0.4% in October, and automotive production rose 0.8%. Mining output fell by 1.5%, and utilities retreated 2.5%.
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.