|Credit managers’ index for October falls to 54.4|
|Written by Delphos|
|Thursday, December 13, 2012 8:32 PM|
The National Association of Credit Management’s (NACM) economic report for October 2012 fell almost a full point largely on poor performances from sales and collections numbers. More payments are beyond terms as well, indicating companies are struggling to meet obligations.
Columbia, Maryland: November 1, 2012—The October Credit Managers’ Index fell from 55.3 to 54.4, reflecting the mood of the overall economy right now. Some aspects point in a positive direction, and some are decidedly worrying. The sense is that a few of the big issues that have been affecting other economic measures are having an impact on the CMI as well. It is hard to point explicitly at the “fiscal cliff” as a cause for overall decline, but it is also quite apparent that the uncertainty affecting business decision-making is having an impact, as some of the future indicators are weaker than expected at this point.
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