Released: 15 December 2020
US Sales Data Reveals Big Price Increases in December
Business Confidence rose to a 10 month high in December, and is now well over the crucial 50 "no growth" level. Panelists in general are feeling more confident that the early months of the year and 2021 should see some return to normality.
The Market Growth Index rose to a 13 month high in the period, and a sharp jump up from 50.0 in November, the "no growth" level. As this question asks panelists about the level of absolute growth in their markets, and not with reference to the previous month, the increase is likely to reflect a significant positive movement.
The Staffing Levels Index regained a positive level over 50, and achieved a 12 month high, indicating a slow recovery in staffing markets generally.
The only serious negative to emerge from the December survey was the continuation in December of the widespread price rises seen in November. Unless the Price Charged Index movements will likely moderate in Q1 2021, the US could see the re-emergence of considerable levels of price inflation in 2021.
United States: Headline Sales Managers Index
The Headline Sales Managers' Index (SMI) - a composite indicator designed to provide the most up-to-date assessment of business activity.
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