Every quarter, CMA Members participate in the CMA Credit Confidence Survey. 201 members gave us a great insight into credit trends for Q3 2011 and the realities of Q2 2011.
Our overall Credit Confidence Score for Q3 2011 is 7.15 out of 10. Click here for Confidence trends.
This quarter’s survey shows an increased confidence in orders and applications for Q2 2011 and expected increase in orders for Q3. Most participants predict on-time payment in the next quarter, which is also reflected in the Credit Confidence Score of 7.15.
Manufacturing confidence edged higher this quarter after taking a large drop last quarter. Seven (7) members in this manufacturing industry category reported a credit confidence score of 10, the most we have seen in this category. Construction confidence is the lowest we have seen in 5 quarters – dropping to 6.08 out of 10. Confidence in the wholesale trade industry has remaining steady (at @ 6.90) across two quarters.
The industries represented in our survey are abundant, making our overall Credit Confidence Score of 7.15 a great benchmark across industries. CMA members are slightly less confident than last quarter when our score was 7.16.
Thanks for your participation in the CMA Credit Confidence Survey. The Q2 2011 – Q3 2011 survey is now closed. Watch for the Q3-Q4 2011 Survey at the end of September 2011.