Movement in Januaryâs 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, 2015âThe 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 indicatorâs combined score moved forward to 55.1 in January, up from 54.9 in December.
âThis is certainly not a spectacular turnaround as the index was at 55.8 and 57.0 in November and October, respectively,â said Chris Kuehl, Kansas City-based NACM economist. âThe fact is Januaryâs reading is still the third lowest in the past year, but it is trending in the right direction this month.â