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The Sales Managers' Index: United States

Released: July 21, 2015

Strong US economic growth continues into Q3 2015

  • Manufacturing and Service sectors see balanced growth
  • Monthly sales remain very strong
  • Employment reaches 7 month high with strong payroll data

The Sales Managers Headline Index indicated continuing growth in the US economy in July, registering an unchanged value of 59.9. This suggests panellists are witnessing a continuing expansion of US economic activity.

SMI data for July indicates firm economic growth in the US economy into the first month of Q3 2015. The SMI data for April to June also suggests that the rate of GDP growth for Q2 2015 will rebound significantly from Q1 figures when advance estimates are released on July 30. The SMI data indicated expansion of around 2.2% in Q1 and there are some indications from economists that the downturn published by the Bureau of Economic Analysis was due to the application of inadequate seasonal adjustment methods and the real rate of growth was considerably higher.

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