Credit Managers' Index
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A Powerful Tool
Since its inception, the CMI has been a startlingly accurate economic predictor, proving its worth most notably during the recession.
The CMI is created from a monthly survey of U.S. credit and collections professionals. The survey asks participants to rate whether factors in their monthly business cycle—such as sales, new credit applications, accounts placed for collections, dollar amount beyond terms—are higher than, lower than, or same as the previous month. The results reflect the entire cycle of commercial business transactions, providing an accurate, predictive benchmarking tool.
CMI reports are released to the media the last business day of each month. View the latest report. If your business extends credit to other commercial businesses and you are located in the 50 US states and US territories, we encourage you to participate in the survey. NACM membership is not required.
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More Information
In the case of the Purchasing Managers’ Index (PMI) it depicted an economy flirting with recession in the run-up to the downturn, but seemed to have trouble committing. The overall PMI reading tiptoed around 50, recording 50.4, 49.9 and 50.7 in September, October and November of 2007, respectively. It then dipped to 48.7 in December 2007, before hopping back up to 50.5 in January 2008, and eventually crashed to the 30s late in that year and in early 2009. During this period, the CMI mirrored the PMI on occasion, but altogether showed a remarkable sensitivity to the intricacies of the recession, resisting the month-to-month swings that seemed to characterize the PMI. For credit professionals looking for the expected economic trend of the next few months, they needed to look no further than the CMI.
Read more about the CMI here.
Download talking points about the CMI here.
Survey Dates |
Download to your calendar |
| 2024 CMI Timeline | Survey Opens | Survey Closes |
|---|---|---|
| November | Mon, November 11 | Tue, November 19 |
| December | Mon, December 9 | Tue, December 17 |
| 2025 CMI Timeline | Survey Opens | Survey Closes |
|---|---|---|
| January | Mon, January 6 | Tue, January 14 |
| February | Mon, February 3 | Tue, February 11 |
| March | Mon, March 3 | Tue, March 11 |
| April | Mon, April 7 | Tue, April 15 |
| May | Mon, May 5 | Thu, May 22 |
| June | Mon, June 2 | Fri, June 10 |
| July | Mon, July 7 | Tue, July 15 |
| August | Mon, August 4 | Tue, August 12 |
| September | Mon, September 8 | Tue, September 16 |
| October | Mon, October 6 | Tue, October 14 |
| November | Mon, November 3 | Wed, November 12 |
| December | Mon, December 1 | Tue, December 9 |
