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US Economy Inching Back to Health (Procurement Leaders)
October 12th, 2009
The US economy is improving “slowly, but continually”, according to the September 2009 Supply Chain Index (SCI) report from Cortera.
The study, based on a monthly index of accounts receivable (A/R) activities, covers manufacturers, distributors & wholesalers, retailers, services, and transportation companies. Measuring payment activities of approximately 350,000 businesses, the September SCI indicates a “continuing reduction of A/R stress and improved cash flow” throughout the overall supply chain, as well as the fourth consecutive month of decreasing receipt of invoice payments beyond terms (measured in average days beyond terms).
The SCI Index mirrors the slow, but continually improving indicators published in the Institute of Supply Management’s (ISM) September 2009 Manufacturing Report on Business – the second consecutive month of growth in the manufacturing sector and the 5th consecutive month of overall economic growth.
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