The September Credit Managers’ Index from the National Association of Credit Management fell by a half a point from the August index, marking the first decline since April. However, the CMI is still trending positively in expansion territory
The August Credit Managers’ Index (CMI) from the National Association of Credit Management reached a more than two-year high with a combined score of 56.5, which was just better than January 2020 and the highest reading since May 2018.
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.
According to the most recent data from the National Association of Credit Management, indicators for May were down, especially in the unfavorable categories.
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 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.”
The National Association of Credit Management said its Credit Managers’ Index fell slightly in March, with government inactivity and budget cuts related to sequester the likely culprits.