The news for the end of the year was better than anticipated, matching the news coming from the retail sector in general. The gains in the overall CMI were impressive, but of more significance is the improvement in some key sub‐sectors. For the past four to five months there were pretty steady gains in areas like sales [...]
The progress noted over the last three months in the Credit Managers’ Index (CMI) came to an end in November, at least as far as the manufacturing sector was concerned. The service sector data was a little more encouraging, but not enough to keep growth from stumbling. The combined index posted less than a 0.1 [...]
“If you are a big fan of volatility, you will like this month’s Credit Managers’ Index (CMI),” said Chris Kuehl, Ph.D., the National Association of Credit Management’s (NACM) economic advisor. “The positive trends that we saw in last month’s manufacturing data were replaced by some negative trends, while the service sector that looked so stressed [...]
The trend in data this past week was hardly encouraging, resulting in another chorus of pronouncements regarding an imminent return to recession. The housing market remains in the doldrums, GDP numbers were revised down in reaction to the worsening trade deficit numbers and there was a decline in the markets. In the midst of all this gloom comes [...]
July’s Credit Managers’ Index (CMI) continued to show that the economy as a whole is stuttering. The overall index remains above 50, but not by much, and these levels have not been seen since late last year when the index was down to 52.9 in December. As recently as April, the combined index was up to 56.5; [...]
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