CMI Indicates Credit Crunch Amid Banking Crisis
NACM's Credit Manager's Index for April reveals some worrying trends. Rejections of new credit applications plummeted into contraction territory, indicating tightening credit conditions.
Read what NACM Economist Amy Crews Cutts wrote in a blog for Macrobond Financial about the #CMI.
Sign up to receive monthly CMI survey participation alerts. For a complete breakdown of manufacturing and service sector data and graphics, view the April 2023 report. CMI archives also may be viewed on NACM's website.
Join NACM Economist Amy Crews Cutts at Credit Congress on Monday afternoon, June 12, for a discussion of the economy and what's next.