Thought for the day

June Sales Managers Index Data Shows United States Economy Heading into Recession


 
28 June 2022
 
The United States economy is slowly tipping into recession according to the latest data from the Sales Managers Monthly survey.

Sales managers are very much the "front line" in terms of sensitivity to changing business conditions. Sensitive to contractual negotiations being deliberately slowed down. Sensitive to expected contracts "in the bag" being suddenly cancelled. And most of all sensitive to "budgetary problems" being increasingly cited as reasons for sales negotiations faltering.

All of these conditions are present today in many markets leading to the June Sales Managers Index falling to a near 2 year low. Very little general good news is apparent from the June survey, although some sectors of economic activity continue to thrive. Continue to data...


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