ICM UK Credit Managers’ Index Opens – Views being sought
Press Release – 8 April 2013
The latest round of the ICM Credit Managers’ Index (CMI – Q1 2013) has opened with opinions from credit managers being sought to help compile the most comprehensive study of how businesses are currently managing their cash.
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 calculated on a simple average of the 10 factors. Credit Managers’ views and statistics are sought on such issues as applications for credit through to days sales outstanding.
The latest CMI (Q4 2012) prompted nearly 1,000 responses from credit managers working in both the Manufacturing and Services sectors. The companies were broadly split by region, although slightly weighted to businesses in London and the southeast.
Philip King, Chief Executive of the ICM, says that the interest in the CMI is growing all of the time: “Credit managers, perhaps even moreso than purchasing managers, have information and opinion that provides a perfect snapshot of the health of the UK economy,” he says.
“Taking part enables us to build an accurate picture of the state of the nation that in turn helps inform the help and advice we provide to members, other business organisations and Government.”