Survey Sees Improvement
The National Association of Credit Management says its credit managers index for September suggests that the economy is strengthening.
Based on the association's survey of credit management professionals, the index's reading was at its highest level since April.
Last month's improvement was its first uptick since April. The NACM credited improved prospects in the manufacturing sector for the gains.
The survey asks credit managers to rate favorable and unfavorable trends.
Favorable factors include sales, new credit applications, dollar collections and amount of credit extended. Unfavorable factors include rejections of credit applications, accounts placed for collections, dollar amounts of receivables beyond terms and filings for bankruptcy.
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