CMA’s Credit Confidence Score is experiencing a bit of deja vu. The Q1 2012 score of 7.11 out of 10 is the exact same as Q1 2011.
CMA Members report orders and payment increasing, and they predict that payment will be on time for the coming quarter.
While some are continuing to tighten their credit policy, most predict no change for this coming quarter. The use of credit hold has increased and there has been a stabilization in the amount of accounts sent to collections and NSF checks received.
Some members are extremely confident about payment in Q1 2012 with 49% reporting a confidence score of 8 or more.