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.”
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.
The National Association of Credit Management’s economic report for December 2012 ended the year in decline as “fiscal cliff” worries continues to manifest in business confidence levels.