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Credit Managers’ Index shows resilience

NACM’s seasonally adjusted combined Credit Managers’ Index (CMI) for June 2025 deteriorated 0.6 points to 54.1. “The CMI continues to show resilience in the face of great economic uncertainty in the U.S., and globally,” said NACM Economist Amy Crews Cutts, Ph.D., CBE.
 |  Sara Asomaning, Managing Editor  |  ,

NACM’s seasonally adjusted combined Credit Managers’ Index (CMI) for June 2025 deteriorated 0.6 points to 54.1. “The CMI continues to show resilience in the face of great economic uncertainty in the U.S., and globally,” said NACM Economist Amy Crews Cutts, Ph.D., CBE.

The Index for Unfavorable Factors improved to 51.5 and marked its fifth month in expansion territory. None of the six unfavorable factors are in contraction, with only one factor—filings for bankruptcy— more than 2.0 points above the threshold.

The Index for Favorable Factors sits in expansion at 57.9, though it deteriorated by 2.7 points in this month’s survey. Three of the four favorable factor indexes improved, with dollar sales leading the deterioration.

What respondents are saying:

  • “Rising duty costs and increased customer requests for extended payment terms are placing added pressure on operations. Additionally, frequent tariff changes are disrupting the transportation industry and leading to invoice inaccuracies, as custom systems are unable to keep pace with the rapid updates.”
  • “We are seeing more customers closing or planning to close by the year end, seemingly by choice rather than bankruptcy.”
  • “We are seeing significantly more publicly traded clients with balance sheet problems.”
  • “There’s a sharp increase in customers requesting extended terms.”

Find the full CMI report here. This month’s survey opens on July 7, and every response brings us one step closer to meaningful insight. Sign up to be notified.

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Sara Asomaning, Managing Editor

Sara Asomaning holds a B.S. in English from Towson University. With a background in writing, copyediting and proofreading, she has a keen eye for detail. Outside of work, she spends much of her time being creative with music, photography, and social media content creation.