ARM Index Down Year over Year

The Kaulkin Ginsberg Index (KGI), the leading indicator of economic conditions affecting the accounts receivable management (ARM) industry, has fallen 1.3% to 1234.0. For the first time since April 2003, the KGI is down year over year, having lost 1.1% of its value in the 12 months between November 2004 and November 2005.

“The KGI increased 11% in 2003 and 21% in 2004,” said Paul Legrady, Director of Kaulkin Ginsberg’s Research Group. “The Index may well end 2005 in negative territory.”

The Index’s slight decrease was caused by downward pressure from the market capitalization of publicly traded ARM stocks, as well as a slight decline in the Consumer Price 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.