The reading for the combined CMI jumped up from 52.9 to 54.1, the third-highest reading seen this year. In April, it hit 54.6 and in March it was at 54.3. Last month’s 52.9 was the fourth-lowest reading in the last 12 months. The news was similarly positive in both the favorable and unfavorable index readings.
The favorable score last month was 60.3. This month there was a slight decline to 59.1, but that is still higher than it was for five months of this year. The recovery in the index of unfavorable factors was more impressive, as it went from 48 (thoroughly in contraction territory) to 50.8, as high as it has been since May.
The increase demand for trade credit generally indicates a higher demand for credit information.
To read the full report click on this link Source: NACM