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The Sales Managers' Index: United States

Released: May 19, 2015

US Manufacturing slowdown weighs on US economy

  • SMI indicates strong Q2 economic activity
  • Growth stronger in Services than Manufacturing
  • Prices rise on continued strong sales growth

The Sales Managers Headline Index showed strong economic activity in the US economy in May. The moving average of the index registered a high value of 59.8.

The Sales Managers’ Index is the first monthly economic activity index released covering all private sectors of the US economy. Sector analysis shows that the May Manufacturing SMI registered 58.0, down by 0.9 on April and the second successive fall. In contrast, the Services SMI registered 60.0, down by 0.6. These index values show that panellists are experiencing continuing strong economic growth across both sectors of the economy, but the rate of growth in Manufacturing has eased back reflecting the impact of a strong dollar on US exports. A reading above 50 percent indicates that the economic activity is generally expanding; below 50 percent indicates that it is generally contracting.
 






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