Credit Is Tightening Due to Banking Crisis, CMI Shows

from Extra Credit · host NACM

Tell us what you love about Extra Credit and what topics you want covered!NACM’s Credit Managers’ Index (CMI) revealed credit application approvals dropped in April even as applications for new credit increased. The factor of rejections of credit applications fell 2.7 points into contraction territory at 49.7—its lowest level since July 2009 during the Great Recession. The flow of credit is being crunched by financial panic, said NACM Economist Amy Crews Cutts, Ph.D., CBE.Connect with us on LinkedIn: @Nacm-National @FCIB

What this episode covers

Tell us what you love about Extra Credit and what topics you want covered! NACM’s Credit Managers’ Index (CMI) revealed credit application approvals dropped in April even as applications for new credit increased. The factor of rejections of credit applications fell 2.7 points into contraction territory at 49.7—its lowest level since July 2009 during the Great Recession. The flow of credit is being crunched by financial panic, said NACM Economist Amy Crews Cutts, Ph.D., CBE. Connect with us on...

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Credit Is Tightening Due to Banking Crisis, CMI Shows

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This episode was published on May 5, 2023.

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