Thought of the Day

The Biden Pre-election Boom Continues to Roll Across America


 
30 April 2024
 
The US Sales Managers Survey Results for April show a continuation of the rapid but still reasonable economic growth seen in previous months.

So far the great engine that is the American economy seems to be working well, largely untouched by the significant rise in interest rates seen recently, or the continuing shadow of wars in Ukraine, Palestine and elsewhere.

The evidence presented by the April Sales Managers Survey suggests that the Federal Reserve's interest rate hikes have had at best a very modest restraining impact on economic activity levels. However, the Fed's efforts at simultaneously cutting price inflation seem to be working less well. The Sales Managers Price index bounced back from a 44 month low in March to a 6 month high reading of 55.8 in April.

US Prices Charged Index: April
Diffusion Index. (50 = 'No Growth')
The Biden Pre-election Boom Continues to Roll Across America
The Biden Pre-election Boom Continues to Roll Across America

The dragon of Price Inflation clearly has not yet been slain.
 Continue reading for more analysis, charts & data.    [SUBSCRIBER ONLY]


More perspectives using World Economics data



The Chinese Economy: On The Road Again
The marked difference between the Chinese Services and Manufacturing sectors performance continues to remain in evidence. But overall the latest Sales Managers Survey shows the economy as a whole is now waking up after its period in the doldrums. Over the whole of the first quarter of 2024 the overall Manufacturing Sector Sales Managers Index remained below the crucial 50 index leve...


China
China is the biggest economy in the world , estimated to be some 38% larger than the GDP of the USA in 2023, when calculated using Purchasing Power Parity data from the World Bank (with growth estimates from the IMF), and including estimates of the undervaluation of GDP due to an outdated base year , plus estimates of China's significant informal economy . China growth v US...


April Sales Managers Surveys Show Global Growth Prospects Looking Good
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. 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 Economics Makes Available Data Investors Need

Download more than 1 million data points focusing on 12 key investor concerns

New Measures of
Country GDP
Data covering re-estimated GDP for each country including base year allowance and informal economy size.

Compound Annual Growth Rates
Investment descisions need to see the full picture once GDP is re-valued.

Global Growth Comparisons
Gauge how important countries are in the global economy.

GDP Data Quality Rankings
Review of the quality of each country's economic data.

Population Estimates
The latest population estimates for each country.

Inequality by Country
A review of the distribution of income in each economy.

Wealth Estimates
Proxy data to measure the wealth in each country.

Informal Economy Size
Estimates showing the size of unrecognised revenue.

Environmental Impact
Data comparing each country's impact on the environment.

Social Factors
Health, Education, Employment, Services and human rights.

Governance
Good country governance is key to prudent investment asset allocaions.

Country Debt
New debt estimates for more than 150 countries.




Register Today and Access World Economics Data

If you are an individual investor or corporate asset manager, you need accurate data from experts you can trust.
Find out more about a World Economics subscription.