Magazine article Business Credit

NACM's CMI: Steady as She Goes

Magazine article Business Credit

NACM's CMI: Steady as She Goes

Article excerpt

The roller-coaster ride may be over, as the up-and-down pattern seen in the Credit Managers' Index (CMI) from NACM has come to an end, but hopefully the car is poised at a crest rather than a trough. The combined index score for August at 55.1 is slightly higher than last month's 54.6. Whether you are cruising on an ocean liner or have a stake in the economy, "steady as she goes" is what you want to hear... as long as there are no icebergs ahead.

'There has been some discernible improvement in the overall economy, but not enough to push activity for the credit managers," said NACM Economist Chris Kuehl, Ph.D. "Steady state is good news as long as it has steadied at a relatively high rate and that seems to be the case these days."

A pattern that did repeat is the strong performance in the index's favorable factors and weak performance in the unfavorables. …

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