NACM CMI Report for June 2009

The recovery from the recession of 2008‐2009 continues to be a controversial topic as there are arguments asserting that the economy really has touched bottom and is on the road to rebound, just as there are arguments that assert that the economy has been severely damaged by the downturn and is not yet ready for recovery. The
latest Credit Managers’ Index (CMI) tends to favor the first interpretation although the data is not without some warning signs. “The latest CMI is holding steady and showing stability in the credit sector. The data has not yet been enough to push past the point of contraction to expansion, but it is getting ever closer to that point,
suggesting that expansion is only a month or two away,” said Dr. Chris Kuehl, NACM’s economic analyst. Download the full CMA Report.

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