US Sales Managers Jobs Index Rises to 25-Month High in December


 
The US Sales Managers Jobs Index accelerated to a 53.3 reading in December a 25-month high, indicating considerable confidence in the future. The Market Growth Index also stayed positive at an even more elevated level. All growth-related Indexes registered positive readings in December. The overall Sales Managers Index reflected all the positive news with a reading of 52.5.


These indexes are currently reflecting economic growth over a wide spectrum of economic activity in the USA.

Below the surface of continuing growth some trends remain less than perfect: The Price Index remains high with a December reading of 53.3, reflecting continuing price inflation, but this Index reading also represented an 11-month low, indicating a continuing downward trend, which must be comfortable reading for the Federal Reserve. Best of all the Index news for incurable optimists, the December Staffing index came in with a reading of 53.3, a 25-month high, indicating considerable confidence in US employers that the good news is likely to stay with us for some time to come.

Suddenly 2024 looks less like the widely anticipated recession year, and more like a year of growth.

In summary, the economy is buoyant, with growth apparent in many areas of business activity, including most obviously defence related areas, augmented by high levels of Government expenditure.

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