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The Sales Managers Index: Asia

Released: April 18, 2017


Sales Managers Report Increasingly Rapid Growth in April 

  • Economic activity in Asia continues at a high level with Headline SMI of 56.8
  • Sales growth continues  as prices rise further
  • Business confidence burgeoning in most of Asia

The Headline Sales Managers’ Index (SMI) for Asia was 56.8 in April, up by 0.6 points in March. The April reading represents strong economic growth for the region as a whole and a continuation of the levels in Q1. The primary drivers of growth in Asia are coming from steadily improving conditions in China and India. Businesses in China have continued to report improving conditions in both the services and manufacturing sectors in April. The Philippines are also making a marked contribution to the region as the economy grows at a robust pace backed by foreign investment. India’s SMI data shows that the economy is fast rebounding from the sharp drop in sales experienced in January. Business confidence levels in Asia continue to remain high based on strong sales and firm overall market growth.


Headline Sales Managers' Index




Prices Charged Index


Market Growth Index




Staffing Levels Index





About Asia SMI Data



The Sales Managers' Index provide the earliest monthly data on the speed and direction of Asia’s economic activity.

Key advantages of Asia SMI:
  • The SMI provides the first indication each month of the speed and direction of economic growth in Asia.
  • The SMI provides the most complete indication of growth, covering all private sector activity.
  • The SMI is based on a key occupational group - uniquely able to sense changes in business activity levels.
  • The SMI is composite index of business confidence, market growth, sales, prices charged and staffing levels.
  • The SMI is a diffusion index, any index value above 50 indicates growth and below 50 indicates contraction.

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