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NACM Survey Shows Higher Optimism about Collections.(National Association of Credit Management)(Brief Article)
A monthly survey conducted by the National Association of Credit Management shows that credit and collection executives rate the current environment more favorably than at any point since May of 2002.
The NACM Credit Manager's Index reached 57.9 in October, and the association said that improvement in the manufacturing sector helped drive that segment's score to the highest point since the index was initiated in February of 2002.
The service sector also participated in the October gains, the NACM said. The service sector's index of 56.3 was its first uptick since May of this year.
However, the NACM said two factors to watch for next month are the industry's perception of "accounts placed for collection" and "filings for bankruptcy." The number of respondents indicating "better" performance for these two factors is ...
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Source: HighBeam Research, NACM Survey Shows Higher Optimism about Collections.(National...