Credit Managers Turn Bearish
Company credit managers are paid to spot trouble early; they let business customers buy on credit and collect from delinquent accounts. They’ve abruptly turned bearish, more than since the end of the 2007-09 recession. “Some serious financial stress is manifesting in the data,” the National Association of Credit Management announced on March 31 as it released its monthly Credit Managers’ Index. The strong dollar and the outlook for rising interest rates may be factors, says NACM economist Chris Kuehl.