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The Sales Managers' Index: India

Released: June 23, 2015

Indian SMI eased for second consecutive month in June

  • Optimism towards future activity remains high
  • Both employment and market growth weaken
  • Prices charged continued to fall at a marginal pace

The Headline Sales Managers’ Index (SMI) for India eased for the second consecutive month in June. The Index fell to 66.4 from 67.0 in May, signalling the slowest pace since June 2014. Weighing on the headline index were weaker rates of market growth, prices charged and employment levels. Business confidence and product sales increased albeit only marginally. That said, the rate of economic activity remained well above its long-term average of 61.3.

Optimism towards future business activity was marginally improved during June despite weaker levels of market growth and employment. The Business Confidence Index rose to 90.7 from 90.5 in May, as panellists reported slightly higher rates of monthly sales over the month. However, the degree of business confidence was still the lowest since June 2014.

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