Magazine article Business Credit

NACM Credit Manager's Index: Report for April 2005

Magazine article Business Credit

NACM Credit Manager's Index: Report for April 2005

Article excerpt

After a strong first quarter, NACM's CMI for April continued to show growth. The CMI rose for the third straight month to 59.3, strongly indicating a continued economic expansion, and mirroring the positive economic growth of the April 28 GDP report as well as better-than-expected reports on personal income and personal spending.

The CMI manufacturing sector was flat, but the services sector, boosted by a whopping 11-point increase in dollar corrections, rose for the third straight month to 60.2, an overall change of 3.44 percent, indicating accelerating growth. After posting three consecutive periods of growth, the manufacturing sector ended at the same point in April where it finished March, with an overall CMT of 58.5 percent. There were, however, several bright spots within the manufacturing sector. New sales continue to grow, posting a 310 basis point gain, up from 69.6 percent to 72.7 percent. Dollars collected also showed growth finishing at 69. …

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