Much of the coverage on the credit crunch has focused on the impact it is having on banks and capital markets, but in a series of surveys conducted throughout September and October, this publication surveyed 20,000 of its subscribers to gauge how the crunch is affecting companies in the real economy. The survey showed there has been a sharp decline in credit availability for customers. By mid-October 40% of companies had tightened their customer credit policies and were giving customers less credit. Much of the belt tightening was in the financial services sector, with 50% of financial institutions saying they had tightened customers' credit.
GF SURVEY FINDS COMPANIES CRIMPING CREDIT Anita Hawser Global Finance; Nov 2008; 22, 10; Docstoc pg. 6 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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