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.

Thank you to these members who recently participated in the CMI survey recently. The next survey opens on February 6, 2023.