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Monthly, Yearly Input Prices See Significant Decline

To the delight of U.S. contractors, construction input prices not only dropped month-over-month (MoM) in August, but also year-over-year (YOY). According to Associated Builders and Contractors (ABC), MoM input prices were down more than half of a percent, while YOY input prices fell nearly 1%.

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Collecting After a Natural Disaster: People Before Businesses

In the wake of Hurricane Dorian, business-to-business credit professionals still expect to collect their receivables on a variety of projects. But with damage and disarray in the affected areas, creditors can predict difficulties when attempting to get paid.

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August CMI Improves, but with Some Setbacks

August’s Credit Managers’ Index (CMI) climbed out of July’s lower index, with a combined score of 55.2, compared to July’s 53.4. NACM Economist Chris Kuehl, Ph.D., said the economy remains in a “transition phase,” with readings that do not follow a pattern, shuffling from lower to higher readings.

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