Nacm Credit Manager's Index Report for January 2009
Business Credit › Vol. 111 Nbr. 3, March 2009
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Summary
The seasonally adjusted Credit Manager's Index fell 0.4% to a record low of 39.7 in January, its sixth consecutive decline. All 30 components in the indexes are below the 50 level signaling economic contraction; 13 are even below 40, suggesting a powerful recession and 13 are at record lows. Seven of 10 components fell in manufacturing sector, six of 10 in the service sector. Similarly, much of the recent economic data has been worse than expected, suggesting that the economy's decline may actually be accelerating. There might also be the slightest hint of a bottom in the housing market, and there might also be some barely visible cracks in the frozen credit markets.
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Nacm Credit Manager's Index Report for January 2009
The seasonally adjusted Credit Manager's Index (CMI) fell 0.4% to a record low of 39.7 in January, its sixth consecutive decline. All 30 comp...
See the full content of this document
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