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CMI for June reflects torpid times.(credit @ work)(Credit Manager's Index)(Brief article)
"The seasonally adjusted Combined Credit Manager's Index fell 0.9% in June, setting or tying a number of unpleasant records in the process," said Daniel North, chief economist with credit insurer Euler Hermes, ACI, who evaluates and issues the report for the National Association of Credit Management (NACM). "All three indexes tied their records for the most components below the critical 50 value indicating economic contraction: six for the combined and manufacturing ...
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