CCR Magazine

CSA Top Banner
You are here  :Home arrow News arrow Will talk of an Interest rate rise affect the CICM’s headline survey?
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Will talk of an Interest rate rise affect the CICM’s headline survey? PDF Print E-mail
Monday, 11 January 2016

After a 7.1 percent fall in Q3 2015 of the Chartered Institute of Credit Management’s (CICM) Credit Managers’ Index (UK CMI), the next round of views from across the manufacturing and services sectors are now being sought.


With previous all-time Index highs being recorded, displaying the strength of business confidence in the earlier part of the year, the new survey will be important in determining whether 2015 ends on a positive note, or suggests a downward trend.

  Philip King, Chief Executive of the CICM, says that a fall in confidence would be particularly worrying: “With recent murmurs from the Chancellor of the Exchequer about interest rate rises in 2016, credit managers may see their confidence eroded.”

  The Index, sponsored by Tinubu Square, is important because it gauges nationwide levels of credit being sought and granted by credit managers across both the manufacturing and services sectors. It therefore acts as a primary indicator of actual levels of business being conducted.

  The index’s credibility rests on credit managers’ responses: “Credit managers, Government departments, business organisations and CICM members are all urged to submit their experiences to the Q4 survey,” Philip continues.

  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 Managers’ views and statistics are sought on such issues as applications for credit through to days sales outstanding.
 
Enghouse Side Banner

CSA side

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

CSA

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197