US Sales Activity Accelerates in August

But Sales Managers Indexes show price inflation stays high,
Business Confidence is falling and Job market growth contracting


 
US Sales Managers Indexes relating to Market and Sales Growth accelerated sharply in August, reflecting buoyant growth over a wide spectrum of economic activity. But below the surface of continuing growth worrying trends are emerging.


The Sales Managers August Survey reveals falling Business Confidence in the future, continuing Price Inflation of a high order, and slackening labour markets. In all probability these undercurrents are directly related to the Federal Reserve's continuing attempts at reducing price inflation via rapid interest rate rises.

Given the surprise 17-month high in the Sales Managers Prices Charged Index it is unlikely that the Federal Reserve will desist just yet in its program of interest rate rises.
Continue reading for more analysis, charts & data. [SUBSCRIBER ONLY]

Take a Trial to Continue Reading...

Unlock all insights, data tables, and tools.

Register now



More perspectives using World Economics data