CMI progress slows
Columbia, MD. – After six months of solid gains, the Credit Managers’ Index (CMI) showed slower progress and registered declines in key indicators. There was still some positive movement in the Index as a whole, but there are obvious weaknesses showing up in terms of credit availability, credit applications and sales.
The CMI showed a dramatic decline from the levels in July, but overall the index gained and moved a little closer to the magic number of 50, climbing from July’s combined index score of 48 to the August score of 48.1.
These numbers are a little sobering given the sense that the economy had started to come out of the recession in July’s report. This suggests that the proposed recovery is a little weaker than some of the indicators reflect, especially in terms of availability of money. The reduction in credit applications indicates that there is less willingness to lend and that companies seeking credit are being put through more hoops than in the past. The number of additional disputes and delinquencies also suggests that some sectors of the economy are still struggling.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DAVID DALLAS: Who in the Hell are We?
- New Mississippi state highway map is available for the public
- Tanger Outlets involved in Southaven project
- Ikea confirms plan for Memphis store
- McCrory joins Epps in asking for trial delay
- Ingalls to lease former SRHS clinic in Gautier for employee medical center
- Former Lane Furniture plant sold for $1.45 million
- OUR VIEW: JRA evolving toward transparency? Maybe, maybe not
- Jon-Paul Croom made CEO