Credit Managers Seeing Extremely Low Growth, Worry About Fiscal Cliff

24/7 Wall St.

The National Association of Credit Management has released its economic report for October, and the group saw a decline in its metrics. This is not ever really a market moving number on its own but it is just one more bit of caution in a fragile economy which is barely in a growth environment.

Its October Credit Managers’ Index fell to 54.4 in October from a reading of 55.3 in September. The group said, “Some aspects point in a positive direction, and some are decidedly worrying. The sense is that a few of the big issues that have been affecting other economic measures are having an impact on the CMI as well. It is hard to point explicitly at the “fiscal cliff” as a cause for overall decline, but it is also quite apparent that the uncertainty affecting business decision-making is having an impact, as some of the future indicators…

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