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 December report of NACM’s Credit Managers’ Index showed minor improvement, though the manufacturing sector showed some decline.
The monthly report from the NACM showed the effects of a continued harsh winter. An improvement in the amount of credit extended, tempered by a decline in the number of companies applying for credit, indicates a continued caution.
The November Credit Managers’ Index largely signaled overall stability and potential for growth in 2014, registering its highest reading since the beginning of the recession in 2008, according to the NACM.
The National Association of Credit Management said its Credit Managers’ Index report for August 2013 “bodes well for the coming months, with sales and collections performing strongly.”
The National Association of Credit Management said its Credit Managers’ Index fell from its June high of 56.1 to 55.5 in July, led by a sharp decline in collections.
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.”