June CMI Dips Slightly, Still Near Cycle High
The Credit Managers' Index (CMI) from NACM retreated slightly in June, dropping from a 12-month high in May to 56.3 this month. Despite a modest decline in June, credit managers are reporting continued improvement in dollar collections after an unexpected fallout in April.
The overall combined CMI remained above a score of 56 for two consecutive months for the first time in nearly four years.
The manufacturing and service sector favorable factors each declined but are both still well into the 60s. An improvement in service sales and dollar collections helped level out the blip. Meanwhile, each favorable factor in the manufacturing sector saw a drop-off.
Learn more about the CMI in the monthly report as well as in eNews on the new, free Business Credit app available for download on Google Play and the App Store.
-Michael Miller, managing editor