February Credit Managers Index Suggests a Stronger Economic Future
The Credit Managers Index (CMI) is now sitting at 55.8, rising a full percentage point above January’s reading. The index is at its highest since April 2011, a time when most indicators were pointing to a pretty solid year.
It is worth noting that last year was also affected by an oil shock at about this point and a backsliding economy in the months that followed. However, readings from this month are solid in key categories, providing some confidence about what happens from this point.