---
title: NCS Credit Lien Index Q3 2023
description: The Lien Index decreased to 51 in Q3. The decrease comes on the heels of a revised rate of activity for Q2, in which the Index increased from 47 to 54.
---

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# [NCS Credit Lien Index Q3 2023](https://www.ncscredit.com/education-center/resources/ncs-credit-lien-index-2023-q3)

 Written by [kalford](https://www.ncscredit.com/education-center/resources/author/kalford) | Oct 20, 2023 4:00:00 AM

**The Lien Index decreased to 51 in Q3**. The decrease comes on the heels of a revised rate of activity for Q2 2023, in which the Index increased from 47 to 54. Despite the slowdown, **lien activity is 13% higher** than Q3 2022. Cyclically, we expect to see the Index climb in Q4. As the season winds down and the fiscal year comes to a close, disputes, change orders, and lack of cash flow will slow and even stop payments.

Download the full report for details.

 

[View full post](https://www.ncscredit.com/education-center/resources/ncs-credit-lien-index-2023-q3)

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