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, India and the USA), which for most of the recent past have collectively contributed close to 60% of global growth.
The Sales Managers Global Business Confidence Index rose to an index reading of 53.2 in February, a 25-month high. All growth related Indexes were positive, and the overall composite Global Sales Managers Index came in at a 27-month high.
Strong indications that the world may avoid the much predicted global recession in 2024, and enjoy at least moderate economic growth
The Sales Managers' Indexes provide the earliest monthly data on the speed and direction of economic activity in key growth areas of the world.
The SMI’s (Sales Managers’ Indexes) are compiled and analysed by World Economics and are based on survey data collected from a panel of companies stratifying all Industry Classification Board (ICB) sectors which are weighted to reflect their contribution to national Gross Domestic Product.
Key advantages of the SMI's:
Global SMI data is published as diffusion indexes to gauge the speed and direction of economic activity.
Monthly data for 8 years is downloadable in a consistent unadjusted format for the 7 key indexes: