Credit Managers Index for July 2006

"The seasonally adjusted Combined Credit Manager’s Index (CMI) for July was virtually all good news,” comments Dan North, Chief Economist with credit insurer Euler Hermes ACI. “All three of the major indices were up on both a month-to-month and a year-over-year basis. In addition, all three major indices stand well above the 50 mark indicating economic expansion. And, out of the 30 total components, only two are below 50,” he summed. "There were few dramatic swings in the indices this month except for the 4.6% increase in the favorable components of the manufacturing sector. The survey once again describes an economy that has had enough strength and momentum to overcome the obstacles of a tightening Fed, inflation fears, high energy prices, a weak stock market and a wobbly consumer". Download the Full Report

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