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The Sales Managers Index: NAFTA

Released: April 18, 2017


Price Inflation in NAFTA Races to a 3 Year High in April

  • Business confidence continues to accelerate
  • Sales of Goods and Services grow to 18 month high
  • Market Growth at solid levels

The Headline Sales Managers’ Index (SMI) for the NAFTA trading bloc (Canada, US, and Mexico) showed further improvements in business activity in April. The headline index posted 53.3 – up from 52.6 in March and the highest reading since October 2015. By country, growth remained solid in Canada as the recent rate of growth remains. The US saw a continuation of the improvements in business activity as noted in recent months. Mexico registered a slowdown in April and is close to contraction territory once again. Business activity in NAFTA is still low by historical standards in the NAFTA region as a whole but managers are becoming increasingly optimistic that growth will continue on its current trend path which will help drive renewed economic growth for the trade bloc in future months.



Headline Sales Managers' Index




Prices Charged Index

Business Confidence Index




Product Sales Index




About NAFTA SMI Data



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

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