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NACM's Credit Manager's Index (CMI) for January 2005: economic growth continues despite slowing trend.(National Association of Credit Management)(Brief Article)
ACM's Credit Manager's Index (CMI) for January 2005 continued to show economic growth despite a decline of 230 basis points from December 2004. While there was a decline in both the manufacturing and service sectors, it was the manufacturing sector that accounted for the overall CMI drop.
The index of favorable factors continued its steady decline in 2005, with the manufacturing sector index leading the way with significant declines in three of the four factors. Only new credit applications showed a slight increase of 70 basis points. The service sector also experienced a decline with decreases among all its favorable factors. However, with the exception of sales, all favorable factors remained consistent with January 2004 levels.
Unfavorable factors fluctuated very little in 2004 and continued that pattern in January 2005, with the service sector showing a slight improvement of 140 basis points. While in the manufacturing ...
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Source: HighBeam Research, NACM's Credit Manager's Index (CMI) for January 2005: economic growth...