Released: 21 March 2019

March Data Reflects Lackluster Growth in Chinese Economic Activity

  • The Sales Managers All-Sector Index remained close to the lowest level on record
  • Growth continues but at a level most likely well below official GDP estimates
  • The Staffing Index suggests recruitment activity is actually falling
  • The Profit Margins Index falls further into negative territory
March all sector data suggests strongly that the rate of economic growth in china continues to fall. Official data also show a fall in growth, but it seems increasingly likely that the 6.8% GDP growth figure for 2018 significantly exaggerates the true level of economic expansion.

There have recently been various indications of attempts to conceal or delay the publication of official data and the significant decline in growth suggested by the Sales Managers Index provides a likely reason for the absence of some long published data series.


China: Headline Sales Managers’ Index (SMI)

 The Headline Sales Managers' Index (SMI) - a composite indicator designed to provide the most up-to-date assessment of business activity.




Access China SMI Charts & Data

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INDEXES AVAILABLE:

  • HEADLINE SALES MANAGERS’ INDEX (SMI)
  • BUSINESS CONFIDENCE INDEX
  • MARKET GROWTH INDEX
  • SALES GROWTH INDEX
  • PRICES CHARGED INDEX
  • STAFFING LEVELS INDEX
  • CURRENCY STRENGTH INDEX
  • PROFIT MARGINS INDEX

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