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Corporate Factoring Group

Global Economy Shows Strain as U.S. Steams Ahead
Wall Street Journal (11/14/18) William Boston; Josh Zumbrun; Nina Adam

Trade battles are beginning to hurt the global economy, but growth remains robust in the U.S. The U.S. economy expanded at an annualized rate of 3.5% in the third quarter. Due to the strong momentum of the U.S. economy, few economists forecast a global recession. The U.S. economy is being boosted by strong consumer spending, associated with low unemployment and individual income tax cuts enacted last year. Rising government spending also has boosted U.S. demand.

After climbing for most of the past two years, U.S. exports have trended down since May. But the U.S. is somewhat insulated from an international slowdown because its exports are only about 12% of gross domestic product, compared with a global average of about 29%, meaning the U.S. is less exposed than most countries when the global economy weakens.

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Factoring for Compounding Pharmacies

Factoring solutions for wholesale and compounding pharmacies. As every business owner knows, sales alone do not measure the profitability of a company. Sales may be increasing but you may be waiting weeks or months to receive payments on your invoices, and during that time your cash flow is significantly affected. The solution is as simple as factoring those open invoices. offers a whole range of funding options to pharmacies. Our pharmacy factoring solutions are not only available to wholesale and compounding pharmacies but also to companies in the pharmaceutical industry including drug manufacturers - research and development and other pharma-drug companies that can generate commercial accounts receivables and commercial invoices.​


We begin with arranging a telephone call with you to understand your specific funding needs and to answer any questions you may have.​

Typically the list of documents required to prepare a receivables funding contract include:​

Our application signed by the owner(s)​
Current Accounts Receivable and Payables reports​
List of insurance company, government payors​
Most recent profit and loss statement and balance sheet​

We are part of a network of strategic partners specializing in funding solutions for companies in the pharmaceutical industry. For more information or to apply online, please visit

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U.S. Productivity Rises 2.2% in Third Quarter
MarketWatch (11/01/18) Jeffry Bartash

Productivity increased at a 2.2% annual pace in the third quarter after a robust gain in the spring, marking the best back-to-back performance in four years, and companies raised output by 4.1%. Still, productivity rose only at a mild 1.3% rate over the past 12 months. That matches the annual average from 2007 to 2017, but is well below the 2.1% average seen since the end of World War II.

The hours employees spent working increased by a smaller 1.8%, according to the U.S. Department of Labor. Unit-labor costs rose a mild 1.2% in the third quarter after a weak 0.3% increase in the spring. The mild, though advancing, level of unit-labor costs suggests companies are finding ways to restrain expenses despite the lowest unemployment rate in 48 years and growing shortages of skilled labor. Hourly compensation increased 3.5% in the third quarter, but just 1.4% once inflation is taken into account.

Manufacturing lagged the broader economy. Productivity increased only 0.5%, perhaps because manufacturers must hire new employees with less skill and experience who require more training.

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Business Economists Report Solid Sales Growth
National Association for Business Economics (10/29/18)

The share of National Association of Business Economics members reporting rising sales at their firms increased for a fourth consecutive quarter. Sixty-one percent of 127 NABE members report higher sales—the largest share since the January 2014 survey. Expectations regarding future sales increases are less widespread than in the previous survey.

Tight labor market conditions with skilled labor shortages continue to push firms to raise wages, increase training, and consider additional automation. The 2017 federal tax cuts have not broadly affected hiring and investment plans at panelists' firms, although panelists from the goods-producing sector do report some incidence of increased investments, and a shift toward hiring and investments from abroad to the U.S.

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New York Fed: Manufacturing Activity Strengthens
Federal Reserve Bank of New York (10/15/18)

Business activity continued to grow at a strong pace for New York manufacturing firms surveyed in October, according to the Federal Reserve Bank of New York. The headline general business conditions index rose two points to 21.1, pointing to a slightly faster pace of growth than in September. New orders and shipments both picked up. Labor market indicators pointed to a modest increase in employment levels and no change in hours worked. Firms generally remained optimistic about the six-month outlook.

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Small-Business Optimism Continues Historic Trend
National Federation of Independent Business (10/09/18)

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Manufacturing Continued to Grow in September

(Tempe, Arizona) — Economic activity in the manufacturing sector expanded in September, and the overall economy grew for the 113th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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Solve cash flow problems quickly with invoice factoring
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