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The Sales Managers Index: Growth Continents

Released: April 18, 2017


Developing Markets Growth Continues to Expand in April

  • Business confidence remains high
  • Market Growth Index increases to highest level in 2 years
  • Prices charged for goods and services increases at a faster pace

The World Economics Headline Sales Managers’ Index (SMI) for the ‘Growth Continents’ registered 54.3 in April. This level represents a solid rate of growth for this collection of emerging and developing markets. China is reporting consistent rates of growth, India is rebounding back to the levels reported prior to the demonetisation policy and Latin America is continuing to suffer from recession. Price rises have been evident in these Growth Markets in April, with the level of the Prices Charged Index hitting 54.7, the highest value since July 2014. Despite the increase in prices, panel members are seeing improving market growth and improving sales.



Headline Sales Managers' Index




Staffing Levels Index





Market Growth Index





Prices Changed Index




About Growth Continents SMI Data



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

Key advantages of the Growth Continents SMI:
  • The SMI provides the first indication each month of the speed and direction of economic growth in the Growth Continents .
  • 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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