Magazine article Business Credit

Report for June 2014

Magazine article Business Credit

Report for June 2014

Article excerpt

This months Credit Managers' Index (CMI) reading from the National Association of Credit Management (NACM) was 56.1--slightly higher than it was in April, but almost a point lower than in May. The CMI numbers are still firmly in positive territory, they are just not trending in the preferred direction. In the last months of 2013 and the very beginning of 2014, the readings were closing in on 60 (57.1 in November and 57.3 in January). Today, they are falling. The services sector took the brunt of the impact, but manufacturing didn't perk up either.

The drop was not what was expected, which has suddenly become a common refrain as some other data releases are starting to show similar trends. "The short version of the reaction is that the economy is clearly not out of the woods just yet," said NACM Economist Chris Kuehl, PhD. "The latest revision of first quarter GDP has been a shock. …

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