CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow CICM Index bounces back following three successive falls
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
CICM Index bounces back following three successive falls PDF Print E-mail
Monday, 23 January 2017
The final quarter of 2016 saw a surge in economic confidence and a positive outlook on business growth, according to preliminary findings from the UK’s Credit Managers Index (CMI).  

Early indications from the Chartered Institute of Credit Management’s (CICM) quarterly barometer, show a 4.5-point increase in the headline result to 59.8. This represents the Index’s highest score since Q2 2015 and ends a worrying and successive three-quarter fall.

The Index also tests the status of the manufacturing sector (up 6.2 points to 61.2) and the services sector (up 3.6 points to 59.0). These show rising levels of optimism by credit professionals, those that deal directly with businesses’ finances.

Chief Executive of the CICM, Philip King, says the US’ CMI also rose in Q4 2016: “While confidence fell following the Brexit vote in the UK, confidence in the US is shown to be rising following the Trump election, according to its national Index.

“However, it will be interesting to see what effect the change in hands at the White House and a likely alternative economic policy will have on business confidence in the US, and how that, on top of Brexit negotiations, will effect the economy in the UK,” he adds.

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.

The Index is reporting that all three favourable factors – credit sales, new credit applications and the order book ­– have increased, while just two of the unfavourable factors – rejected credit applications and insolvencies have fallen.
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 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

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


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