Economy on the Brink of Another Slump?
A leading credit index slides for the first time in five months, provoking concerns the economy will retreat for the third time in as many years.
A leading credit index slides for the first time in five months, provoking concerns the economy will retreat for the third time in as many years.
Although its key index remains above the expansion level, the National Association of Credit Management (NACM) said its December Credit Managers’ Index matched the mood of the economy as a whole – essentially flat.
While saying the credit markets and the economy still face hurdles, the National Association of Credit Management (NACM) reported that its October Credit Managers Index (CMI) broke into expansion territory for the first time in over a year.
While there’s been some signs of improvement in credit availability and retail sales, there’s been little positive news regarding payment on debt and the number of accounts placed for collections. That changed in September for the first time since the economy started to seriously bottom out, according to the National Association of Credit Management (NACM)’s Credit Managers’ Index (CMI).
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