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World Economics - Measuring Global Economic Activity and GDP

The Sales Managers Index: United States

Released: September 22, 2015

Strong September SMI Data indicates US GDP Q3 growth of 2.6%

  • Balanced growth in manufacturing and services.
  • Employment rising but at slowing rate.
  • Business Confidence growth falters.

The Sales Managers Headline Index in September registered a value of 57.9, down by 1.1 on August. The SMI is the first monthly indicator to gauge the speed and direction of economic growth across all private sectors of the US economy. The September data indicates that the US economy will show continuing strong growth for Q3 2015 estimated at a real year-on-year rate of around 2.6%. This follows an official rate of 3.7% as the second estimate for Q2 released on August 27 by the Bureau of Economic Analysis

Sector analysis shows that the September Manufacturing SMI registered 57.9 in August while the Services SMI registered 58.3, both down on the previous month. These data indicates that the US economy is experiencing balanced growth across both sectors of the economy. 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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