Every quarter, CMA Members participate in the CMA Credit Confidence Survey. 198 members gave us a great insight into credit trends for Q1 2011 and the realities of Q4 2010.
Our overall Credit Confidence Score for Q1 2011 is 7.11 out of 10.
This quarter’s survey shows an increased confidence in orders and payments for Q4 2010 and Q1 2011. Members in Construction are still not as confident as other industries, their confidence score rates 6.28 with high marks for slowing payments, tightening credit policies, and placing accounts on credit hold.
Compare that to members in Manufacturing with a credit confidence score of 7.73 (the greatest variance we have seen between the two industries) experiencing increased orders, on time payments and no change in credit policy. 5 members in this industry category reported a credit confidence score of 10.
Members in wholesale trade are predicting a mix bag of economic fortune. A credit confidence score of 6.44 with increases in orders and payments for Q4, and a predicted increase in orders of Q1 2011. Yet payments slowed in Q4 and credit holds increased dramatically.
The industries represented in our survey are abundant, making our overall Credit Confidence Score of 7.11 a great benchmark across industries. CMA members are slightly more confident than last quarter when our score was 7.00.
Thanks for your participation in the CMA Credit Confidence Survey. The Q4 2010-Q1 2011 survey is now closed. Watch for the Q1-Q2 2011 Survey at the end of March 2011.