Nacm Credit Manager's Index: Report for August 2007
Business Credit › Vol. 109 Nbr. 9, October 2007
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Summary
The seasonally adjusted Credit Manager's Index crept up 0.2% in August even though six of 10 components fell. The manufacturing sector rose 0.4 points, but the service sector slipped 0.1. The rapid rise in delinquencies and defaults in the subprime mortgage market have sent a contagion of fear into other mortgage-backed securities, corporate bonds, leveraged buy-out financings and now even the safest of commercial paper markets. Lending conditions appear to be tightening in the trade credit market as much as in other credit markets and participants responded that the credit review process is tighter and lower credit limits are being established.
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Extract
Nacm Credit Manager's Index: Report for August 2007
The seasonally adjusted Credit Manager's Index (CMI) crept up 0.2% in August even though six of 10 components fell. The manufacturing sector rose ...
See the full content of this document
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