The National Association of Credit Management’s Credit Managers’ Index (CMI) remained at a combined score of 55 in August, with improvements in unfavorable factor indexes offsetting deterioration in favorable factor indexes.
The November Credit Managers’ Index from the NACM decreased slightly after hitting a 15-year high in October. The overall score of 57.9, which was down half a point from October, is the second-highest reading in the last 12 months.
After a positive showing in August, credit managers across the U.S. are reporting a slight step back in the latest Credit Managers’ Index from the National Association of Credit Management.
The National Association of Credit Management’s July Credit Managers’ Index showed a positive recovery to a 56 rating, up from 53.4 in June. The reading was the highest since October of last year.
The March report of the Credit Managers’ Index from the National Association of Credit Management fell further this month indicating that some serious financial stress is manifesting in the data.
February’s economic report from the National Association of Credit Management dropped to a one-year low, from 55.1 in January to February’s 53.2.
The January report of the Credit Managers’ Index joined the ranks of the cautiously optimistic as the monthly economic indicator’s combined score moved forward to 55.1, up from 54.9 in December.
The Credit Managers’ Index from the National Association of Credit Management showed several categories with lows not seen since March 2014, with a combined 54.9 in manufacturing and service sectors.
According to the August report of the Credit Managers’ Index (CMI) from the National Association of Credit Management, there was no change from July’s 56.8, marking the fifth month of readings between 56 and 56.8.
The June Credit Managers’ Index of favorable factors remained above 60, which bodes very well for the future. The NACM said, “There is solid evidence of a resurging credit sector and that will likely lead to more overall economic progress.”