Released: 17 October 2017

U.S. Business Activity Continues to Grow Rapidly

  • The US Sales Managers Index increased to the highest level in 2 years in October
  • Sales and Market Growth Indexes both reflect continuing rise in economic activity
  • Job recruitment momentum picks-up pace

The Headline Sales Managers’ Index (SMI) registered 55.9 in October, representative of strong levels of economic growth. The Market Growth Index reported a solid monthly improvement. Market Growth Index levels have remained buoyant despite the devastating impact of hurricanes Irma, Harvey and Maria in the Southern states. The level of the Prices Charged Index was up on Septembers reading indicating that the prices for goods and services are growing at a rate that may soon indicate overheating in the economy. New employment growth is continuing to gather pace in October with a strong reading of 54.4. Overall, panellists in October are saying that the US Economy is experiencing strong sales, higher prices and they are remaining gradually more optimistic that economic momentum is likely to continue in the final quarter of the year.

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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