Released: 21 May 2018

U.S. Growth Stays Strong but Price and Jobs Indexes Show Worrying Trends

  • Headline Sales Managers Index (SMI) grows to 55.5 in May
  • Price Index at near 3 year high
  • Jobs Index stays on rising trend but signs of slowdown emerge

The Headline Sales Managers’ Index (SMI) recorded an index level of 55.5 in May little changed from the April level. This reading indicts that the U.S. economy is performing well with consistent levels of growth evident. Sector SMI data highlights recent growth in retail sales as being a strong contributor to the Sales Growth Index level of 54.9, and a strong Market Growth Index of 55.3. Prices for Goods and Services continue to increase in the United States, with the Prices Charged Index reaching a near 3 year high. The SMI Staffing Levels Index stays on a rising trend in May but worrying signs are emerging, with the huge service sector flat lining as bricks and mortar retail job losses continue and the mergers and acquisitions second year presaging large scale lay-offs

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 United States SMI Data

The Sales Managers Index provide the earliest monthly data on the speed and direction of economic activity in the U.S..

Key advantages of the U.S. SMI:

  • The SMI provides the first indication each month of the speed and direction of economic growth in the USA.
  • 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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