The National Association of Credit Management's economic report for February 2013 depicts a stalled economy. Political and economic concerns appear to weigh more heavily on the manufacturing sector, while data from the service sector shows progress.
Columbia, Maryland: February 28, 2013â€”The National Association of Credit Management's (NACM's) Credit Managers' Index (CMI) for February is exactly the same as it was in Decemberâ€”54.9. This is just slightly better than it was in January when the index fell to 54.6. For all intents and purposes, the readings suggest that the economy has stalled. The interesting movements are in the individual factors where there is actually some better news overall. The favorable factor index is up to just below where it was in November, at 59. This is a slight improvement from January, and the gains occurred in important factors.