As the Commerce Department announces today that the Gross Domestic Product expanded at a revised 5.6% annual rate in the first quarter, D&B Receivable Management Services’ (D&B RMS) Collection Trends Index also confirmed the government’s GDP indicator. The Index found that the economy is strong and steady and is going to hold its gains.
“The economy should be able to resume normal growth,” said John Krickus, Assistant Vice President, Scoring Solutions, at D&B RMS. “We don’t see a weakening in the ability of companies to repay their receivables.”
According to Krickus, “The Collection Trends Index is a statistical model using D&B information that measures the ability of a company placed for collection to repay its bills. The Index declined significantly in 2000 and bottomed out in March, 2001. Since September, 2001 it has recovered fully.
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