July Credit Movement Indicators (CMIs) – US, UK & EU Industrials

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

EU Industrial companies show a neutral credit outlook.

In the latest month, the percentage of EU Industrial companies showing improvement or deterioration is balanced.

Latest Euro Area Industrial production increases YoY; Eurozone Manufacturing PMI is 43.4, the sharpest deterioration since May-20.

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    Credit Benchmark brings together internal credit risk views from over 40 leading global financial institutions. The contributions are anonymized, aggregated, and published in the form of consensus ratings and aggregate analytics to provide an independent, real-world perspective of credit risk. Risk and investment professionals at banks, insurance companies, asset managers and other financial firms use the data for insights into the unrated, monitoring and alerting within their portfolios, benchmarking, assessing and analyzing trends, and fulfilling regulatory requirements and capital.