The United States economy contracted by 0.3% in the first quarter of 2025, according to the Commerce Department, the first quarter of decline since 2022. The decline in gross domestic product (GDP) is due to a large surge in imports despite other parts of the economy slowing down, all while inflation remains high.

Lien rights are the backbone of any risk mitigation strategy in the construction credit field. There is a lot to consider when filing a mechanic’s lien, and it can be a bit of added stress for credit managers still getting their footing in the industry. However, it is a crucial step in protecting your interest and mitigating risk during construction projects. 

NACM’s seasonally adjusted combined Credit Managers’ Index (CMI) for April 2025 improved 0.7 points to 54.0. “The Credit Managers’ Index improvement currently reflects accelerated business activity ahead of new tariffs,” said NACM Economist Amy Crews Cutts, Ph.D., CBE.

Tariffs have long been a tool of international trade policy, used by countries to influence economic relationships and protect domestic industries. However, they can also result in higher prices for consumers and provoke retaliation from other nations—actions that may weaken exports and slow economic growth. When countries impose tariffs or other trade barriers on one another, it can escalate into what is known as a trade war.  

Regardless of your career, mastering your craft may seem like a lifelong journey, requiring the right tools and rigorous training under the guidance of a true expert. In the credit profession, a designation earned through NACM and FCIB’s six-level Professional Certification Program, makes the pursuit of knowledge and professional growth an achievable feat. At each level, credit professionals gain the essential knowledge and skills needed to stand out and flourish in their field. 

Earning a designation through one of NACM and FCIB’s six Professional Certification Programs is a big step in a credit manager’s career, as it refines the skills they use every day as they approach tricky credit dilemmas with a keen eye for detail.

South Korea’s economy is currently facing a period of slower growth, with the first quarter of 2025 experiencing a contraction of 0.1% in gross domestic product (GDP). This downturn is attributed to various factors, including heightened political uncertainty and crippling tariffs.

Days Sales Outstanding (DSO) is the most frequently reviewed key performance indicator (KPI) by upper management, representing the average number of days it takes a company to convert its accounts receivable (AR) into cash.