Though the National Association of Credit Managementâ€™s monthly economic report improved, it was not enough to dispel concerns. For now, encouragement comes from the index holding firmly in the mid-50s and the performance of favorable factors like sales and amount of credit extended.
Columbia, Maryland: April 30, 2014â€”The Credit Managersâ€™ Index (CMI) from the National Association of Credit Management (NACM) improved slightly in April, rising from 55.5 to 56. The index has yet to rebound to where it was in January, but importantly is still firmly in the mid-50s and starting to trend in the right direction. The index of favorable factors improved from 59 to 60.7, which remains shy of Januaryâ€™s peak of 61.5, but happily back above 60. However, the index of unfavorable factors posted a disconcerting fall from 53.2 to 52.8, recording its worst performance since July and indicating definite signs of distress in the trade debtor community.