State Credit Managers Optimistic for Quarter

By Morrow, Darrell | THE JOURNAL RECORD, January 25, 1995 | Go to article overview

State Credit Managers Optimistic for Quarter


Morrow, Darrell, THE JOURNAL RECORD


Optimism is high among business credit grantors for economic growth in the first quarter of 1995, according to a fourth quarter 1994 survey by the National Association of Credit Management, Oklahoma Division.

"With the exception of a growing concern over interest rates, credit and financial professionals are telling us that they are confident about the economy," said Mike Brittain, president of the association's state division.

Many respondents to the survey, although generally optimistic, did express concern over rising interest rates.

Nationally, 27 percent of respondents in the fourth quarter of 1994 were worried about interest rates, up from 11 percent for the same period in 1993, according to the report.

Oklahoma was not far behind, with 22 percent of respondents registering interest rate concerns.

Among Oklahoma division firms, 64 percent of those surveyed reported having a good outlook for business in the first quarter, and 28 percent expressed optimism for the overall economy for the first half of 1995, Brittain said.

"We're especially encouraged about the projected growth in profit and sales," he said.

Brittain said 130 members of the Oklahoma division responded to the fourth quarter survey, which was conducted in December.

Some of the findings of the report were as follows: Moderate to substantial increases in sales were anticipated by 69 percent of Oklahomans, compared with 64 percent on the national level. …

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