NACM Credit Managers Index June 2007

Cmi

The seasonally adjusted Credit Manager’s Index (CMI) rose a modest 0.5% in June as a 1.1% increase in the manufacturing sector offset a 0.2% decrease in the service sector. Results throughout the survey showed mostly small changes from the previous month. “The decimated housing market once again weighed heavily on suppliers of building materials in the service industry,” said Dan North, chief economist with credit insurer Euler Hermes ACI. “This condition seems likely to continue, given an increasing supply of homes for sale, sharp declines in housing permits and starts and the unprecedented fall of median year-over-year house prices for 10 consecutive months. Somewhat surprisingly, the manufacturing sector continues to expand on the back of an economy which continues to grow, albeit slowly.” Overall the report was moderately positive, reflecting the state of the economy as a whole.

One Reply to “NACM Credit Managers Index June 2007”

  1. Hey buddy! Nice blog that you maintain here.. I just chanced upon your blog surfing the blogosphere. I was thinking.. you could try out some interesting widgets on your page and spice it up with more relevant information. E.g try out the new widget on http://www.widgetmate.com with your relevant keywords

Leave a Reply

Your email address will not be published. Required fields are marked *