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Staffing buyers paid faster in the second quarter than the first, according to the Capital TempFunds credit index. The index rose to 98 in the second quarter from the first quarter's level of 92. However, the level of 98 is still below the index's base and represents slower-than-average collections.
Data for the index comes from Capital TempFunds clients across the country and allows firms to see how long their customer base is taking to pay compared with others. The higher the index number, the faster staffing buyers are paying.