Movement in Januaryâ€™s economic report from the National Association of Credit Management delivers a cautiously optimistic start to the new year as the index improves slightly. The combined index rose this month after two consecutive months of slippages.
Columbia, MD: January 30, 2015â€“The January report of the Credit Managersâ€™ Index (CMI) from the National Association of Credit Management (NACM) has joined the ranks of the cautiously optimistic. After two consecutive months of slippages, the monthly economic indicatorâ€™s combined score moved forward to 55.1 in January, up from 54.9 in December.
â€śThis is certainly not a spectacular turnaround as the index was at 55.8 and 57.0 in November and October, respectively,â€ť said Chris Kuehl, Kansas City-based NACM economist. â€śThe fact is Januaryâ€™s reading is still the third lowest in the past year, but it is trending in the right direction this month.â€ť