Credit Availability Expands in Manufacturing

Material Handling Management (11/2) – Third-quarter GDP numbers show 3.5% growth after four quarters in the negative category, and the credit managers’ index (CMI) has advanced beyond the 50 barrier for the first time in more than a year, according to the latest CMI report, a monthly survey of credit and collection professionals. Both the service and manufacturing sectors are expanding, and the CMI as a whole points toward growth.  “Not only has there been some expansion in terms of credit availability, but there continues to be evidence that companies are catching up on their debt,” says Dr. Chris Kuehl, economic analyst at National Association of Credit Management (NACM). [Although] “the beatings on the economy have stopped, but every bone has been broken.” Read the full report.