CICM UK Credit Management Index for Q2 launched!
Press Release – 7 July 2015
CICM seeks credit managers’ views in national survey.
After record results in Q1 2015 of the CICM Credit Managers’ Index (CICM UK CMI), the industry’s views are being sought for the next survey.
The most recent results saw the manufacturing industry drive business confidence and the outlook for growth forwards, with its own sector record high contributing to the headline index’s gains – despite political instability in the run-up to the General Election.
But whether the stability resulting from a majority government will see the headline index rise further will be determined by new research: “To gain valuable insight on the state of the UK economy, credit managers from across the UK should submit their experiences and process changes to the Q2 survey,” says Philip King, Chief Executive of the CICM.
Business organisations, government departments, credit managers and CICM members all benefit from the information as a key performance benchmark: “The accuracy of the CMI is hugely important, and it is testament to the quantity and quality of respondents that it has tracked the FTSE All-Share Index’s highs and lows over the past five years.”
The CMI is a diffusion index producing ‘scores’ of between one and 100 (typically in a range of 40-60). Ten equally weighted factors are included – three favourable and seven unfavourable – and the index is calculated on a simple average of the ten factors. Credit Managers’ views and statistics are sought on such issues as applications for credit through to days sales outstanding.
For further press information, please contact:
Sean Feast or Alex Simmons, Gravity Public Relations
T: 0207 330 8810, E: firstname.lastname@example.org.