Magazine article Business Credit

CMI February Combined Totals Remain Unchanged

Magazine article Business Credit

CMI February Combined Totals Remain Unchanged

Article excerpt

The question for credit managers, according to the February CMI, is whether the positive trends in the sub-categories will be strong enough to pull the data forward in the weaker categories indicating an easing of credit or more challenges ahead.

"In some respects, this [unchanged numbers for some factors and volatile trends for others] seems to reflect the economy as a whole," said NACM Economist Chris Kuehl, Ph.D. 'There has been similar activity in some of the other indices that are watched carefully for trend signals. The Purchasing Managers' Index is back down in the 40s and that is worrisome, but at the same time, there has been a gain in the New Orders Index and that suggests that future readings could be stronger."

With a slight improvement from 58.2 to 58.6 in the index of favorable factors and a less encouraging trend in the unfavorable categories (50.3 to 50.1), the total combined score was 53.5, the same as January. All four favorable sub-categories showed increases with sales leading the pack (55.8 to 56.8) and dollar collections coming in second at 58. …

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