Transcription of Report for July 2018 - NACM
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Report for July 2018 - NACM
NACM CMI 1 April 2018 Report for April 2018 Issued April 30, 2018 National Association of Credit Management Combined Sectors There are some growing signs of economic distress showing up. Now we can add the results of the latest Credit Managers Index (CMI) to that list. The numbers are not awful at this point many of the indicators are still solidly in expansion territory, but the warning lights are starting to blink, said NACM Economist Chris Kuehl, In just the last few weeks, there has been more concern over inflation and the eventual Fed reaction. Yields for the 10-year treasury just broke through the 3% psychological barrier. That has many wondering what interest rates will look like. Some of that caution seems to be showing up among credit managers as well. The combined index number slipped to , a low not seen since May of 2017 nearly a year ago and before all the growth activity taking place at the start of this year.
The rejections of credit applications improved quite a bit from 50.6 to 53.5. He suggests this is especially good news in light of the fact that credit applications have generally been down and those applying are creditworthy.
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