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The National Association of Credit Management Credit Managers' Index (CMI) for June suggests that last month's bad economic news was a temporary phenomenon, not a sign of much worse to come.
The National Association of Credit Management Credit Managers? Index (CMI) for June suggests that last month's bad economic news was a temporary phenomenon, not a sign of much worse to come.
The dramatic collapse reflected in the May CMI eased up a little in June. The index numbers bounced around, but these variations were obscured somewhat by the fact that the index as a whole was flat. Considering this month, it is very apparent that the devil is in the details. The overall index number was exactly the same as it was in May ? 54.2 ? but there were significant changes in the combined sub-indices for favorable and unfavorable factors.
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