Business confidence “stuttering” after record highs for CICM UK Credit Managers’ Index
Business confidence and the outlook for growth appear to be stuttering after two previous quarters’ record highs. According to the latest quarterly barometer issued by the Chartered Institute of Credit Management, confidence has fallen in both manufacturing and services.
The CICM’s Credit Managers’ Index (CMI) shows a 7.1% drop in the headline index, which closed down 4.3 points to 56.4. The cause is a dip in both the manufacturing sector (down 3.7 points to 55.5) and across services (down 2.2 points to 56.8).
To read the full article subscribe to The Paper here