Magazine article Business Credit

Credit Managers' Index

Magazine article Business Credit

Credit Managers' Index

Article excerpt

Despite market volatility, economic indicators such as the January CMI can be added to the other lists of data sources such as housing, employment and manufacturing that have been pointing in a positive direction, according to NACM Economist Chris Kuehl, Ph.D.

A combined reading of 53.5 up from December's 52.8, "puts the numbers back to what they were in October of last year.... The trend is certainly in the right direction of late," Kuehl explained.

The favorable categories gained just over 1.5 points, while the unfavorable categories remained even at 50.3. Kuehl noted that, 'The data on the unfavorable categories are not as encouraging, but at least the big declines seem to have come to an end for now. Those under 50 are now at four and last month only three dipped into the contraction zone showing that there are still many companies in some economic distress. …

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