Magazine article Business Credit

CREDIT MANAGERS' INDEX: CMI Closes 2016 with Cheerful Rebound

Magazine article Business Credit

CREDIT MANAGERS' INDEX: CMI Closes 2016 with Cheerful Rebound

Article excerpt

Credit managers appear to have rediscovered a spirit of confidence, according to the December CMI. Gone, at least for now, are any lingering pre-election jitters that inspired some of the previous months' volatility.

The December CMI surged to 54.1, the third-highest mark this year and best since April, even as sales numbers retreated slightly from a 2016 record set in November. Part of this is because manufacturing continues to fight off what were expected to be formidable headwinds (e.g., the strengthening U.S. dollar and rising Federal Reserve rates). 'There was a nice rebound as far as manufacturing was concerned," said NACM Economist Chris Kuehl, Ph.D. 'That seems related both to the better mood of the customer and the fact that the construction season was extended by unseasonable weather."

CMI data show that retailers "will be alive to fight another day" because of improved (but not record-breaking) holiday sales activity versus the 2015 season, Kuehl noted. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.