Credit Managers Index for September 2006

The seasonally adjusted Credit Manager’s Index (CMI) took another small step down in September. The Index fell from 57.3 to 57.1 as six of the 10 components for the combined sectors fell. “However, all 10 components still remain above 50, indicating economic expansion,” said Dan North, Chief Economist with credit insurer Euler Hermes ACI. “The CMI continues to show an economy with good momentum, but one which is slowly trending downward, probably due to the combination of a plummeting housing market and tightened monetary conditions.”

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