Every quarter, CMA Members participate in the CMA Credit Confidence Survey. 274 members gave us a great insight into credit trends for Q2 2011 and the realities of Q1 2011.
Our overall Credit Confidence Score for Q2 2011 is 7.16 out of 10. Click here for Confidence trends.
This quarter’s survey shows an increased confidence in orders, payments and applications for Q2 2011. Members in Construction are still not as confident as other industries, their confidence score rates 6.42. Most members who experienced slowing payments in Q1 also predict slowing payments for Q2.
Members in the manufacturing industry reported the greatest confidence drop, with their overall score for Q2 dropping from 7.73 (Q1) to 6.90 (Q2). Five (5) members in this wholesale trade industry category reported a credit confidence score of 10, the most we have seen in this category. The wholesale trade industry reported their highest confidence score 6.99 since Q2 2010.
The industries represented in our survey are abundant, making our overall Credit Confidence Score of 7.16 a great benchmark across industries. CMA members are slightly more confident than last quarter when our score was 7.11.
Thanks for your participation in the CMA Credit Confidence Survey. The Q1 2011 – Q2 2011 survey is now closed. Watch for the Q2-Q3 2011 Survey at the end of June 2011.