The National Association of Credit Management’s Credit Managers’ Index dropped significantly this month, an unexpected decrease considering where projections were a few months ago.
“That is a nasty drop and at no point in the last year has it been that low,” said Chris Kuehl, NACM economist and cofounder of Armada Corporate Intelligence. “The reduction in the overall score was reflected in reductions across the board—favorable and unfavorable factors and in both the manufacturing and service sectors.”
The survey measures activity in manufacturing and service sectors among business-to-business credit professionals.
The full report can be viewed on NACM’s website.