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Media Contact: Caroline Zimmerman, Editorial Director, 410-740-5560, carolinez@nacm.org

NACM’s Credit Managers' Index Falls to 56.1 in June

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The movement in this month's National Association of Credit Management’s economic report was certainly less than impressive, but the overall index is still solidly in the expansion zone. The most troubling sign is that companies seem to be getting into more distress and that might affect future performance. 

Columbia, MD: June 30, 2014—This month’s Credit Managers’ Index (CMI) reading from the National Association of Credit Management (NACM) was 56.1—barely higher than it was in April, but falling well below May’s 56.8. The readings had been closing in on 60 (57.1 in November and 57.3 in January) and are still firmly in positive territory, but are now just not trending in the preferred direction. The services sector took the brunt of the impact, and the manufacturing sector did not budge, for the second month in a row.

After the readings last month, it was thought that the CMI would show continued progress, but the manufacturing sector was flat and the service sector experienced a very sharp decline—enough to drag the index down. “The drop was unexpected, which has suddenly become a common refrain as some other data releases are starting to show similar trends,” said NACM Economist Chris Kuehl, PhD. The economy is clearly not out of the woods just yet, and the latest revision of first quarter GDP came as a shock. “It now appears that the economy contracted by far more than originally reported,” Kuehl said. “Add to this the latest data on durable goods and there is something amiss. Consumer confidence numbers have recovered to levels not seen since the start of the recession, but that renewed level of enthusiasm has not been enough to pull the economy forward, or so it would seem.”

NACM Presents Annual Awards at 118th Credit Congress

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Columbia, MD: June 10, 2014—The National Association of Credit Management (NACM) announced its Honors & Awards Program recipients during the General Session of its 118th Credit Congress and Exposition in Orlando, Florida, on June 9.

The O.D. Glaus Credit Executive of Distinction Award was presented to Gary Gaudette, CCE, ICCE, senior treasury analyst with Hypertherm, Inc. in Hanover, New Hampshire. Candidates for this award are judged on local and national service to the NACM organization, community service, educational and professional achievements, mentoring and cultivation of staff and peers, and support of the NACM organization.

The Designation of Excellence Awards honor designation holders at three distinct levels: the Certified Credit Executive (CCE), Certified Business Fellow (CBF) and Certified Business Associate (CBA). Each honoree must have an unrelenting pursuit of excellence through enhanced and improved knowledge and a demonstrated willingness to share their expertise through service and mentoring. The awards were presented to Pamela Craik, CCE, area credit manager with McKesson Corporation in West Sacramento, California, Myra Kingstad, CBF, collections specialist with Walter USA, LLC in Waukesha, Wisconsin, and Sheryl Rasmusson, CBA, office manager at Kilgore Architectural Products, Inc. in Spokane, Washington, respectively.

National Association of Credit Management's 118th Credit Congress and Exposition is Underway in Orlando

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The educational portion of NACM’s annual Credit Congress opened today with a keynote speech from “You Say More Than You Think” author, Janine Driver, and will continue through Wednesday. Sessions include the findings and potential recommendations of the American Bankruptcy Institute Commission to Study the Reform of Chapter 11 and, separately, the Federal Reserve’s research on the perceived problems regarding electronic and other payment systems. Many other educational sessions and networking events fill the three days.

Columbia, MD: June 9, 2014—The premier event for commercial credit management opened its educational portion of the its annual conference this morning in Orlando, Florida. Held this year from June 8-11, the National Association of Credit Management’s (NACM’s) 118th Credit Congress and Exposition is an annual treasure trove of educational sessions and networking opportunities expertly designed to enhance the skills, abilities and careers of trade credit and finance professionals who extend business-to-business credit. The conference’s expo, which opened Sunday evening, features dozens of vendors and providers, the only place nationwide where trade credit and finance professionals can meet all of the industry’s biggest leaders and service providers in one place.

“The role of the commercial credit and finance professional is changing, but their core responsibility remains guarding their companies’ assets while leveraging risk as profitably as possible, both domestically and in the ever-growing international arena,” said NACM President Robin Schauseil, CAE. “NACM’s Credit Congress gives credit and finance professionals the tools they need to adjust their professional roles, while still mitigating risk and helping to grow their companies’ and their own valuable network of colleagues and business contacts.”

The Finance, Credit and International Business Association to Hold International Credit Executives Conference at NACM’s 118th Credit Congress & Exposition

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Columbia, MD: June 6, 2014The Finance, Credit and International Business Association (FCIB), for the second year, will hold its International Credit Executives (ICE) Conference in conjunction with the National Association of Credit Management’s (NACM’s) 118th Credit Congress & Exposition on June 8-11, 2013 at the Rosen Shingle Creek Resort in Orlando, Florida. NACM’s Credit Congress provides a venue for both domestic and international credit professionals who extend business-to-business credit. Integrated into the larger Credit Congress schedule of events, this year’s international sessions cover the unique features of international credit, supplier risk management, export compliance and fraud detection, and Asia, Latin America, the Middle East and Eastern Europe from the international credit perspective.

“The purpose of FCIB’s ICE Conference is to expand the knowledge base for U.S. companies that are starting to export, and to further educate and provide tools for the advanced international credit management executive,” said Marta Chacon, CICP, FCIB Director - The Americas. “The specially-designed sessions will address the pressing issues facing international trade professionals around the world, and provide the solutions that work in various international markets that will allow them to access the growing opportunities in global trade.”

The ICE Conference comes on the heels of FCIB’s annual International Credit and Risk Management Summit in Munich, Germany, held from May 11-13, and promotion of World Trade Month and World Trade Week events through its partnership with the U.S. Commercial Service. The partnership aims to make it easier for all U.S. companies to take advantage of exporting opportunities offered around the globe, with FCIB acting as a portal through which exporters can find the tools and resources they need. Under the partnership, FCIB has already played a role in the development of the third edition of the International Trade Agency’s Trade Finance Guide, and the first Spanish-language version of the guide.

May Credit Managers' Index Increases, Signals Continued Recovery

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After accurately predicting economic weakness in the first quarter of 2014, the National Association of Credit Management's monthly economic report improved in May, suggesting further recovery and stronger GDP figures in the second quarter, barring any unforeseen shocks.

Columbia, Maryland: May 30, 2014—The Credit Managers' Index (CMI), issued by the National Association of Credit Management (NACM), improved from 56 to 56.8 in May. This marks the second consecutive month of improvement for the index, further signaling the end of the first quarter's economic turmoil that appears to have been primarily caused by bad weather. Elsewhere in the May CMI report, the favorable factors index rose from 60.7 to 62.7, buoyed by a strong increase in sales, and the unfavorable factors index remained unchanged at 52.8, held back by a perplexing increase in disputes.

Earlier in the 2014 the CMI predicted poor economic performance in the first quarter with a short series of declines that was eventually reflected in the US Commerce Department's recent revision of the US gross domestic product (GDP) figures, which indicated that the economy had endured negative growth at a rate of 1% for the first three months of the year. Recent CMI readings, however, have supported the hypothesis that analysts can expect the second quarter data to be much more positive.

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