The movement in December‚Äôs economic report from the National Association of Credit Management ended the year on a disappointing note, creating the sense that economic momentum has stalled. All eyes are on January in the hopes that the slide doesn‚Äôt deepen.
Columbia, MD: December 31, 2014‚ÄĒWhile other economic indicators remained strong, the December report of the Credit Managers‚Äô Index (CMI) from the National Association of Credit Management (NACM) shows several categories with lows not seen since March 2014. Overall, the combined numbers for manufacturing and service sectors fell to 54.9, compared with 55.8 in November. ‚ÄúIt would have been nice to end the year on a high note,‚ÄĚ said Chris Kuehl, PhD, NACM economist. Although durable goods orders were robust, employment numbers solid and retail sales better than many had expected, CMI data ended the year by falling over two consecutive months to its worst numbers since the start of 2014. ‚ÄúThat is a real worry,‚ÄĚ Kuehl said.