Thought of the Day

April Sales Managers Surveys Show Global Growth Prospects Looking Good


 
27 April 2024
 
World economic activity is starting to look rather buoyant when seen through the lens of economic growth in the world's three largest economies (China, the USA and India), measured in Purchasing Power Parity terms.

Global Sales Growth Index: April
Diffusion Index. (50 = 'No Growth')
April Sales Managers Surveys Show Global Growth Prospects Looking Good
April Sales Managers Surveys Show Global Growth Prospects Looking Good

For most of the recent past these countries have collectively contributed close to 60% of global growth, so if their collective growth is looking good, prospects for the world as a whole are unlikely to be too far behind.

The Sales Managers growth related Indexes are now all consistent with expectations of significantly expanded economic activity in 2024. In particular, the important individual country Sales Growth Indexes are now collectively reflecting significant growth, with the overall Index riding high at a reading of 54.1, a 32 month high.

These data provide reasonable indications that the world may avoid the much predicted global recession in 2024, and enjoy moderate or more economic growth in the year.
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