CMI-Europe – Results of Q1 2013 FECMA – European risk and prosperity forecasting indicator of FECMA (Federation of European Credit Management Associations).
Credit Manager Index (CMI) has been used for many years to predict the performance of the economy in many countries like US, the Netherlands or UK. Credit managers are focusing intensely on the future when estimating risk and business opportunities so CMI has been recognised as a quality economic forecasting tool. Credit managers would always like to see what is happening when the invoices are due in 30, 60 or maybe 90 days, therefore their attitude and anticipations can be interpreted as a prosperity and risk level indicator. Relevance of CMI was largely proved at forecasting the dramatic economic breakdown in 2008.
CMI-Europe, the joint credit manager index for the European credit manager community has been gathering data since Q2 2012 with the participation of the national credit management institutes of many European countries including Czech Republic, France, Hungary, Sweden, The Netherlands and United Kingdom. German CMI was launched in January (first result: 52,35) and CMI-Europe Q1 2013 is including figures of Germany as well.
Results of the CMI-Europe are published quarterly reflecting the judgement of around 1.000 credit managers of the continent. Questionnaire and results are regularly published on the official homepage of CMI-Europe (www.cmieurope.eu).