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The Sales Managers' Index: United States

Released: June 16, 2015

U.S. Q2 GDP Growth rebounds from surprise Q1 contraction

  • Business Confidence improves in June
  • Price Inflation at highest level for 3 years
  • Payroll growth increases to 6 month high

The Sales Managers Headline Index indicated continuing growth in the US economy in June, registering a value of 59.9, an increase of 0.1 percentage points on May’s reading. This represents a month of solid growth to a level almost certainly up on Q1 2015.

SMI data for June suggests that the rate of GDP growth for Q2 2015 will rebound significantly from the surprise figures published by the Bureau of Economic Analysis where the economy was reported as contracting by -0.7% - significantly lower than the consensus estimate from economists.
 




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