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November Credit Managers' Index Increases to New Post-Recession High

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Manufacturing and service sectors trade prior month's fortunes in the November CMI report from the National Association of Credit Management, but largely signal an overall stability and potential for growth in 2014.

Columbia, Maryland: November 27, 2013—The Credit Managers' Index (CMI), published by the National Association of Credit Management (NACM), increased to 57.1 in November, registering its highest reading since the beginning of the recession in 2008.

Building on the optimism from October's CMI, where respondents shook off the crisis in Washington to deliver the index's best figures in over a year and a half, November's readings signify a newfound stability in businesses' attitudes on the economy as well as a greater sense of security in their investments. "There is a real sense that credit is more available than it has been in some time, which bodes well for the coming year," said NACM Economist Chris Kuehl, PhD. "This is not to say that a shock to the economy would not force a decline, but more resilience has formed than has been the case."

NACM Joins ACFE's Efforts to Promote Fraud Awareness

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The National Association of Credit Management (NACM) joined hundreds of other organizations in supporting the goals of International Fraud Awareness Week, hosted from November 3-9, 2013 by the Association of Certified Fraud Examiners (ACFE).

Columbia, Maryland – November 6, 2013: The National Association of Credit Management (NACM) joined forces with hundreds of other organizations by participating in International Fraud Awareness Week, November 3-9, 2013, to promote anti-fraud awareness and education.

Organizations around the globe currently lose an estimated 5% of their revenue due to fraud, according to the Association of Certified Fraud Examiners (ACFE). NACM was founded on the belief that the key to reducing fraud losses is the free and open exchange of historical credit information between businesses, and the organization has worked for more than a century to support a business environment where this exchange is possible. NACM's most recent effort to reduce fraud through increased data sharing has been through its National Trade Credit Report (NTCR), which provides companies with a powerful fraud prevention tool that relies on the strength of historical payment data, submitted to NACM's database from thousands of businesses across the country. Billions of dollars of goods and services are transacted daily through the business credit process and in many instances that fraudulent activity can be detected through the careful review of a credit report like the NTCR. Of course, the more companies report this data, the more focused and preventative the NTCR becomes.

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.

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