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Media Contact: Diana Mota, Associate Editor, 410-740-5560,

October Credit Managers’ Index Increases Despite Political Turmoil

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The National Association of Credit Management’s CMI managed to improve in October from 56.6 to 56.7. Though the service sector faltered, driven by the hit in retail delivered by the government shutdown, the manufacturing sector seemed to shrug off the turmoil in anticipation of a better year to come.

Columbia, Maryland: October 31, 2013—Despite the threat of a political impasse in the United States that some thought could derail the entire global economy, October’s Credit Managers’ Index (CMI), issued by the National Association of Credit Management (NACM), was largely unfazed. The combined CMI improved from 56.6 in September to 56.7 in October, marking the highest reading in over a year and a half.

The October CMI may have been the most watched in years, according to NACM Economist Chris Kuehl, PhD. “The dominant story for the bulk of the last quarter was the political impasse that resulted in a government shutdown for three weeks and posed a threat to the U.S. credit rating,” he said. “Everyone was hanging onto the edge of their seats to see what this would do to the economy. Predictions ranged widely from utter financial chaos to no real response at all.”

September Credit Managers’ Index Inches Up to 56.6 on Strength of Unfavorable Factors

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The National Association of Credit Management's CMI inched up in September, improving from 56.4 to 56.6. The figures continued the growth trend begun in May of this year, driving the CMI to its highest reading in more than three years.

Columbia, Maryland: September 30, 2013—September's growth in the Credit Managers' Index (CMI) from the National Association of Credit Management (NACM) was driven primarily by increases in the index's unfavorable factors, all of which registered improvements and some by substantial margins. The overall unfavorable reading leapt from 53 to 53.8, driven by big improvements in accounts placed for collection, from 52.5 to 54.3, dollar amount beyond terms, from 51.1 to 52.2, and filings for bankruptcy, from 58.7 to 59.8.

NACM’s Credit Managers’ Index for August Reestablishes Early Summer Growth, Improves to 56.4

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The National Association of Credit Management's (NACM's) CMI report for August 2013 bodes well for the coming months, with sales and collections performing strongly. The trend of the last four months is now clearly positive, with only July bucking growth.

Columbia, Maryland: August 30, 2013—The National Association of Credit Management's (NACM's) Credit Managers' Index (CMI) for August returned to the growth patterns of earlier this summer. The numbers look impressive again, and the index sits at 56.4, up nearly a full point from July's 55.5. The last few months were a little volatile, but not unexpected. The surge that kicked off the summer was based primarily on expectations, but as the second quarter came to an end there was some fear that business anticipated too much, too fast. The big jump from the April index's 53.3 to May's 55.6 was followed by a couple of months that looked ok, but which didn't carry the momentum forward significantly. July now looks like a month that gave businesses a chance to regroup and consider what the rest of the year would really look like, as the August numbers are the best in over 18 months, and higher than the previous peak in June.

NACM’s Credit Managers’ Index for July Falls, Tough Month for Collections

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Columbia, Maryland: July 31, 2013—The National Association of Credit Management's (NACM's) Credit Managers' Index (CMI) fell from its June high of 56.1 to 55.5 in July, led by a sharp decline in collections.

The "dollar collections" category moved from 59.3 to 57.5, taking the category down to some of the lowest readings of the past year—only three of the last 12 months were lower than July's, suggesting that there are some additional strains showing up within the creditor community. All of the other favorable factors declined as well, and the favorable index as a whole fell from 62.8 to 62.4.

NACM’s Credit Managers’ Index Shows Continued Growth for June

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Columbia, Maryland: June 27, 2013—The June Credit Managers’ Index (CMI) from the National Association of Credit Management (NACM) confirms that the significant growth reported in May was genuine. The June CMI reached 56.1—not as dramatic a jump as last month, but still trending in the right direction. The reading is now as high as it has been since before the recession started to drag the economy down.

The index of favorable factors dipped a little, but remained above 60 at 60.8 which bodes very well for the future. Sales remained well above 60, even though the factor slipped slightly from 63 to 62.3, while new credit applications also fell from 59.2 to 58.8. Dollar collections was basically stable, rising from 59.2 to 59.3. Finally, amount of credit extended fell from 65.0 to 62.8. This has been perhaps the steadiest of the favorable factors given its narrow range over the last year: a low of 60.8 in April, with a high of 65.0 in May.

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