Credit Professionals views sought for final time in 2016
Press release – 20 December 2016
Credit professionals’ views are being sought for the Chartered Institute of Credit Management’s (CICM) quarterly barometer that will measure the effect of events in Q4 2016 and their impact on business confidence.
The results of the Credit Managers’ Index’s (CMI) will indicate whether the election of Donald Trump has had a positive or negative effect on confidence. Should the Index report a drop-in confidence, it would represent a straight four-quarter fall – a first in its six-year history.
Following the Brexit vote, and despite a beneficial economic environment for exporters, the CMI showed falling confidence levels – perhaps indicating that credit professionals are looking beyond the short-term to the triggering of article 50 and the uncertainty surrounding trade negotiations.
Philip King, Chief Executive of the CICM, says a four-quarter fall is unprecedented: “Geo-political circumstances will always have an effect on levels of confidence,” he says. “But credit professionals tend to look further afield and beyond the short-term, which is why we are encouraging all credit professionals to take part in the survey.”
The Index, sponsored by Tinubu Square, is important because it gauges nationwide levels of credit being sought and granted by credit professionals across both the manufacturing and services sectors. It therefore acts as a primary indicator of actual levels of business being conducted.
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 credit professionals’ 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
0207 330 8810, email email@example.com
The Chartered Institute of Credit Management (CICM) is Europe’s largest credit management organisation, and the second largest globally. The Institute was granted its Royal Charter on 1 January 2015. The trusted leader in expertise for all credit matters, it represents the profession across trade, consumer and export credit, and all credit-related services. Formed over 75 years ago, it is the only such organisation accredited by Ofqual and it offers a comprehensive range of services and bespoke solutions for the credit professional as well as services and advice for the wider business community, including the acclaimed CICM/BIS Managing Cashflow Guides (www.cicm.com).
Linkedin: CICM Credit Community