Released:17 October 2017

Emerging Markets Business Confidence Improves

  • Headline Sales Managers Index at 54.3 in October reflecting rapid growth
  • Staffing levels grow for third consecutive month
  • Prices charged for goods and services grow at a slow rate

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.

Business Confidence Index

The Business Confidence Index measures the level of optimism/pessimism amongst sales for future conditions.

Market Growth Index

The Market Growth Index monitors the underlying growth of the market segments into which the panel members sell.

Sales Growth Index

The Sales Growth Index defines the speed and direction of overall sales of goods and services made by business during the month.

Prices Charged Index

The Prices Charged Index measures the speed and direction of changes in the current price of goods and services taking into account any discounts offered.

Staffing Levels Index

The Staffing Levels Index monitors the level of growth or decline in employment against the same period a year earlier.

About Growth Continents SMI Data

The Sales Managers Index provide the earliest monthly data on the speed and direction of economic activity across the Growth Continents.

Key advantages of the Growth Continents SMI:

  • The SMI provides the first indication each month of the speed and direction of economic growth across the Growth Continents.
  • The SMI provides the most complete indication of growth, covering all private sector activity.
  • The SMI is based on a key occupational group - uniquely able to sense changes in business activity levels.
  • The SMI is composite index of business confidence, market growth, sales, prices charged and staffing levels.
  • The SMI is a diffusion index, any index value above 50 indicates growth and below 50 indicates contraction.


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