Economic Growth Remains Strong but Subject to Change

​Economic data shows that U.S. economic growth remained steady in the last quarter of 2022. In December, payrolls rose by $223,000 while the unemployment rate fell to 3.5% and average hourly earnings eased by 0.3%, per Wells Fargo. Job openings fell to 10.46 million in November. Not only that, "ISM manufacturing fell to 48.4 in December, while the ...
Continue reading
0
  3084 Hits
  0 Comments
Tags:
nacmblog
Tweet
3084 Hits
0 Comments

European Energy Crisis Expected to Last for 2023

​The energy crisis in Europe is far from over. A recent report from the IEA stated Europe could face a major natural gas shortage of 27 billion cubic meters this year, nearly 7% of the region's annual consumption, according to CNN Business.Despite Russia's cut-off of its energy supply to Europe, the energy crisis has been kept at bay thanks to warm...
Continue reading
0
  1552 Hits
  0 Comments
Tags:
nacmblog
Tweet
1552 Hits
0 Comments

Credit Professionals Have Big Plans for 2023

☀ Start your Friday with the freshest episode of our Extra Credit podcast! This one is all about New Year's resolutions in the credit profession.🎙 Hear from Natalie Pearson and Alicia Perez Johnson!🏆 Also in this episode ... hear the winning Elevator Speech entry from Alicia Perez Johnson! 
0
  1226 Hits
  0 Comments
Tags:
nacmblog
Tweet
1226 Hits
0 Comments

Labor Market Remains Tight, But Not for Long

Despite the Fed's aggressive interest rate hikes and stubborn inflation, the labor market remains tight. The unemployment rate is sitting at a historical low of 3.7% and average hourly earnings rose 5% year-over-year, "well above a pace that would be consistent with the Federal Reserve's 2% inflation goal," reads an article from Bloomberg.However, ...
Continue reading
0
  1581 Hits
  0 Comments
Tags:
nacmblog
Tweet
1581 Hits
0 Comments

COVID Surge in China Dampens Economic Growth

Despite the potential for growth in 2023, the road to recovery for China's economy won't be a straight path. China lifted many restrictions under its zero-COVID after roughly three years—resulting in a surge of cases across the country. Strict COVID lockdowns dampened economic growth and hurt global supply chains, but now the surge in infections is...
Continue reading
0
  1234 Hits
  0 Comments
Tags:
nacmblog
Tweet
1234 Hits
0 Comments

NACM's CMI Forecasts Trouble Ahead in 2023

🎙At the start of 2022, economic activity was bursting at the seams as businesses recovered from the depths of the pandemic. But roughly one year later, NACM's Credit Managers' Index is painting a very different picture of the U.S. economy … and credit professionals sense trouble ahead.Hear from Amy Crews Cutts in today's episode of Extra Credit #po...
Continue reading
0
  1155 Hits
  0 Comments
Tags:
nacmblog
Tweet
1155 Hits
0 Comments

Construction Outlook Remains Positive for 2023 Despite Challenges

Like all other industries, construction has grappled with the ongoing effects of the COVID-19 pandemic, inflation and supply chain issues. "As many industries brace for an economic downturn heading into the new year, the construction industry is tasked with managing increased lead times and increasing costs from material prices to labor, while also...
Continue reading
0
  1425 Hits
  0 Comments
Tags:
nacmblog
Tweet
1425 Hits
0 Comments

US Economy Ends 2022 on Mixed Note

The U.S. economy grew faster than initially thought in Q3 at 3.2% year over year, up from the 2.9% estimate—sparking fears that the Fed could raise interest rates more than expected in 2023. However, "The final GDP report is one of most backward-looking readings the government releases, looking at the state of the economy nearly three months a...
Continue reading
0
  1290 Hits
  0 Comments
Tags:
nacmblog
Tweet
1290 Hits
0 Comments

Creditors Beware of Subchapter V: Podcast

🎙 On today's episode of the Extra Credit #podcast, we take a look at how Subchapter V bankruptcy filings dilute a creditor's rights.📣 Hear advice from the experts, Jason Torf and Lynnette Warman! 
0
  1653 Hits
  0 Comments
Tags:
nacmblog
Tweet
1653 Hits
0 Comments

Political Risk Increases in Egypt Despite IMF Financial Support

The new International Monetary Fund (IMF) executive board approved a 46-month, $3 billion financial support package for Egypt, saying it "will catalyze additional funding of about $14 billion," per Reuters. This financial arrangement, Extended Fund Facility (EFF), aims to reduce government debt to less than 80% of gross domestic product (GDP) in th...
Continue reading
0
  1262 Hits
  0 Comments
Tags:
nacmblog
Tweet
1262 Hits
0 Comments

Bank of Japan Makes Surprise Monetary Policy Change

Japan's unexpected turn on its monetary policy has rattled global markets as the Bank of Japan (BoJ) loosened its 10-year yield curve cap. "The Bank of Japan caught markets off guard by tweaking its yield controls to allow the yield on its 10-year JGB to move 0.5% either side of its 0% target, up from 0.25% previously, in a move aimed at cushioning...
Continue reading
0
  1314 Hits
  0 Comments
Tags:
nacmblog
Tweet
1314 Hits
0 Comments

Mashup: Communication, Payment Portals and Supply Chains

 🎙 On this week's episode of Extra Credit, we have a mashup of three important topics!📣 How best to communicate the urgency of payment to customers with Yazmin Yepez. 💻 Tips for easing the pain of customer payment portals with Kimberly Tatum. 🚢 Why knowledge of the supply chain is no longer optional in B2B credit with Shaun Papperman...
Continue reading
0
  1116 Hits
  0 Comments
Tags:
nacmblog
Tweet
1116 Hits
0 Comments

Global Trade is in for a Rough 2023 After Record Highs in 2022

Despite high inflation and global supply chain issues, trade rose significantly in 2022. According to a report released Tuesday by the United Nations Conference on Trade and Development (UNCTAD), the value of global trade is expected rise 12% to almost $32 trillion this year. The significant rise in trade was due to strong growth in the first ...
Continue reading
0
  1183 Hits
  0 Comments
Tags:
nacmblog
Tweet
1183 Hits
0 Comments

Inflation is Slowing, But Not Enough for Fed

The Consumer Price Index (CPI) report revealed a 7.1% rise in prices year over year in November, down from 7.7% in October and the 9.1% peak in June, according to the U.S. Bureau of Labor Statistics. This is the fifth straight month prices have declined, but experts are hesitant to start celebrating too soon."Even if inflation is waning, the global...
Continue reading
0
  1512 Hits
  0 Comments
Tags:
nacmblog
Tweet
1512 Hits
0 Comments

Transform into a Strategic Leader

 🥇 Credit professionals make dozens if not hundreds of decisions each day—decisions that play a massive role in the success or downfall of their company. But in order to get recognition from the C-Suite, creditors must adopt a strategic mindset.🎙 Hear from Nancy Watson-Pistole CCE ICCE and Jason L Mott, CCE about how to start changing upper ma...
Continue reading
0
  1162 Hits
  0 Comments
Tags:
nacmblog
Tweet
1162 Hits
0 Comments

China Loosens Anti-COVID Regulations After Protests

China eased COVID-19 regulations and virus test requirements for some public places on Wednesday, according to AP News. China's strong zero-COVID stance, which disrupted manufacturing and global trade, sparked protests last week."People with mild cases will be allowed for the first time to isolate at home, the National Health Commission announced, ...
Continue reading
0
  1169 Hits
  0 Comments
Tags:
nacmblog
Tweet
1169 Hits
0 Comments

November's Strong Job Report is Bad News for the Economy

Despite high interest rates and recession concerns, the hiring market remains strong—with up to 263,000 new jobs added in November and a steady unemployment rate of 3.7%, according to a report from the Bureau of Labor Statistics.The results of the latest job report make the Fed's fight against inflation more challenging. The latest data could force...
Continue reading
0
  1227 Hits
  0 Comments
Tags:
nacmblog
Tweet
1227 Hits
0 Comments

November CMI Falls to New Low as Downward Trend Continues

📉 The November NACM Credit Managers' Index fell once again, this time by 1.2 points to a reading of 52.0, its lowest since May 2020 and the lowest non-recession, non-pandemic value recorded.🎙 Hear from NACM Economist Amy Crews Cutts about her latest recession outlooks. The latest episode for Extra Credit can be found here.
0
  1214 Hits
  0 Comments
Tags:
nacmblog
Tweet
1214 Hits
0 Comments

Biden Calls on Congress to Prevent Rail Strike

President Joe Biden called on Congress to quickly intervene and prevent a rail strike in an effort to shield the U.S. economy. The House moved toward approving legislation on Wednesday to keep the rails running by imposing a labor agreement between workers and railroads.The bill would force rail companies and workers to abide by the tentative agree...
Continue reading
0
  1603 Hits
  0 Comments
Tags:
nacmblog
Tweet
1603 Hits
0 Comments

Fed Expected to Continue Rate Hikes, Recession Fears Grow

Even with some easing in recent months, inflation remains well above the Federal Reserve's target range of 2%. The Fed has aggressively raised rates this year and they don't plan to let off the gas any time soon. "Two of the Fed's regional presidents, John Williams and James Bullard, warned on Monday that the inflation threat hasn't faded," reads a...
Continue reading
0
  1614 Hits
  0 Comments
Tags:
nacmblog
Tweet
1614 Hits
0 Comments
       
5 6 7 8 9 10 11 12 13 14