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The Sales Managers Index: Global All-Sector

Released: March 21, 2017

Global Growth Increases as Price Inflation Rises
  • Market growth increases in March to 10 month high
  • Global business confidence remains very strong
  • Strong growth evident in the prices charged for goods and services

Global business activity across all industry sectors grew modestly in March with a headline Sales Managers’ Index reading of 53.6 – this level indicates that the global economy continues to exhibit relatively low but consistent rates of economic activity. Optimism among managers remains high in March with the Business Confidence Index reporting 57.0 even though the Sales Growth Index continued to recede from its 15 month high in January to 54.3 for March. Price rises for goods and services have increased again in during the period with the Prices Charged Index increasing to 53.6, up from 53.1 in February. Towards the end of 2016 there was a marked improvement in the global economy, Q1 started off on a solid footing and managers are optimistic of steadily improving conditions and increased staffing levels.

Headline Sales Managers' Index

Business Confident Index

Sales Managers' Indexes Trends

  Direction Speed
SMI Growing Solidly
Business Confidence Growing Fast
Market Growth Growing Solidly
Sales Output Growing Strongly
Prices Charged Growing Strongly
Staffing Levels Growing Very slowly

Market Growth Index

About Global  All-Sector SMI Data

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

Key advantages of the Global All-Sector SMI:
  • The SMI provides the first indication each month of the speed and direction of economic growth across the Globe.
  • 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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