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Staffing payment index rises

August 05 2008

The speed at which staffing buyers are paying staffing suppliers doesn't appear to have been affected by the credit crunch yet, according to the Capital TempFunds credit index. The index rose to 110 in July, 10 points above its baseline. It was 98 in June.

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.

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