Credit Benchmark have released the July Credit Movement Indicators (CMIs). The CMI is an index of forward-looking credit opinions for US, UK & EU Industrials based on the consensus views of over 20,000 credit analysts at 40+ of the world’s leading financial institutions.
Drawn from more than 950,000 contributed credit observations, the CMI tracks the total number of upgrades and downgrades made each month by credit analysts to chart the long-term trend in analyst sentiment for Industrials.
UK Industrials end their run of seven consecutive months of negative credit outlook. US Industrials return to net deterioration. EU Industrials show a neutral credit outlook.
US Industrials: Net Deterioration Returns
US Industrial companies return to net deterioration, after one month of positive credit outlook.
In the latest month, 1.1% more US Industrial companies are showing deterioration than improvement – a change in outlook from last month.
Latest US Industrial production increases YoY; US Manufacturing PMI is 46.3, a six-month low.
UK Industrials: Net Improvement Returns
UK Industrial companies end their run of seven consecutive months of negative credit outlook.
In the latest month, 1.2% more UK Industrial companies are showing improvement than deterioration – a change in outlook from last month.
Latest UK Industrial production drops YoY; UK Manufacturing PMI is 46.5, a six-month low.
EU Industrials: Net Improvement Short-lived
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