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Press Releases
Drop in Charge-Off Rate also Pushes Index Down September 14, 2005: BETHESDA, MD - The Kaulkin Ginsberg Index (KGI), the leading indicator of economic conditions affecting the accounts receivable management (ARM) industry, is down 3% from its all-time high to 1263.5. This decline was caused by the dramatic increase the number of bankruptcy filings, as well as a more moderate drop in charge-off rates. Despite the KGI's monthly decline, the index remains up 12.7% year over year. 
"While a record number of bankruptcy filings will place some pressure on ARM companies moving forward, this is not the beginning of a trend," said Paul Legrady, Director of Kaulkin Ginsberg's Research Group. "Most of these filings were made in time to beat the October deadline of the new federal bankruptcy laws, which, as a whole, are friendlier to the ARM industry." The KGI's run-up in the spring of 2005 was caused by upward performance among all seven of the KGI's contributing variables. In July 2005, the period for which the most recent economic information is available, the Charge-off Rate and the number of Bankruptcy Filings both placed downward pressure on the Index.
The KGI is a product of Kaulkin Ginsberg's Research Group, which provides industry-specific publications and custom research services to the ARM industry. For more information about the Kaulkin Ginsberg Index, see www.kaulkin.com/research/kgi.cfm or call Paul Legrady, Director of Kaulkin Ginsberg's Research Group, at 301-907-0840 ext. 104. About Kaulkin Ginsberg Company |
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