Credit Managers' Index

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A Powerful Tool

CMI LOGO-lrgSince its inception, the CMI has been a startlingly accurate economic predictor, proving its worth most notably during the recession.

The CMI is created from a monthly survey of U.S. credit and collections professionals. The survey asks participants to rate whether factors in their monthly business cycle—such as sales, new credit applications, accounts placed for collections, dollar amount beyond terms—are higher than, lower than, or same as the previous month. The results reflect the entire cycle of commercial business transactions, providing an accurate, predictive benchmarking tool.

CMI reports are released to the media the last business day of each month. View the latest report. If your business extends credit to other commercial businesses and you are located in the 50 US states and US territories, we encourage you to participate in the survey. NACM membership is not required.


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Sign up to receive survey participation alerts. You will receive an email when the survey is open each month so you can participate. Signing up is not required to participate nor view results

More Information

In the case of the Purchasing Managers’ Index (PMI), which NACM Economic Advisor and Managing Director of Armada Corporate Intelligence Chris Kuehl, PhD frequently refers to in the CMI reports, it depicted an economy flirting with recession in the run-up to the downturn, but seemed to have trouble committing. The overall PMI reading tiptoed around 50, recording 50.4, 49.9 and 50.7 in September, October and November of 2007, respectively. It then dipped to 48.7 in December 2007, before hopping back up to 50.5 in January 2008, and eventually crashed to the 30s late in that year and in early 2009. During this period, the CMI mirrored the PMI on occasion, but altogether showed a remarkable sensitivity to the intricacies of the recession, resisting the month-to-month swings that seemed to characterize the PMI. For credit professionals looking for the expected economic trend of the next few months, they needed to look no further than the CMI.

Read more about the CMI here.

Survey Dates

2015 CMI Timeline Survey Opens Survey Closes
November Mon, November 16 Fri, November 20, at Noon
December Mon, December 14 Fri, December 18
2016 CMI Timeline Survey Opens Survey Closes
January Mon, January 18 Fri, January 22
February Mon, February 15 Fri, February 19
March Mon, March 14 Fri, March 18
April Mon, April 18 Fri, April 22
May Mon, May 16 Fri, May 20
June Mon, June 13 Fri, June 17
July Mon, July 18 Fri, July 22
August Mon, August 15 Fri, August 19
September Mon, September 19 Fri, September 23
October Mon, October 17 Fri, October 21
November Mon, November 14 Fri, November 18, at Noon
December Mon, December 12 Fri, December 16

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