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World Economics - Measuring Global Economic Activity and GDP

The Sales Managers Index: Asia

Released: January 17, 2017

High New Sales Growth Drives Very
Strong Business Confidence in Asia

  • Economic activity in Asia continues at a high level with Headline SMI of 57.5
  • Sales growth continues to grow rapidly as prices rise further
  • Staffing levels grow steadily

The Headline Sales Managers’ Index (SMI) for Asia was 57.5 in January, up against the 2016 average of 57.4. The January reading represents strong economic growth for the region as a whole and a solid start to the New Year. The primary driver of growth in Asia is coming from India’s rapid levels of economic activity despite the sudden shock experienced in December by the recent cash ban. China has reported improving conditions in both the services and manufacturing sectors in January. The Philippines are also making a marked contribution to the region as the economy grows at a robust pace. Business confidence levels in Asia remain very high based on strong sales and firm overall market growth. Price inflation for January remained low but is continuing to grow steadily.

Headline Sales Managers' Index

Business Confidence Index

Sales Managers' Index Trends

  Direction Speed
SMI Growing Fast
Business Confidence Growing Rapidly
Market Growth Growing Solidly
Sales Output Growing Rapidly
Prices Charged Growing Slowly
Staffing Levels Growing Solidly

Sales Growth Index

About Asia SMI Data

The Sales Managers' Index provide the earliest monthly data on the speed and direction of Asia’s economic activity.

Key advantages of Asia SMI:
  • The SMI provides the first indication each month of the speed and direction of economic growth in Asia.
  • The SMI provides the most complete indication of growth, covering all private sector activity.
  • The SMI is based on a key occupational group - uniquely able to sense changes in business activity levels.
  • The SMI is composite index of business confidence, market growth, sales, prices charged and staffing levels.
  • The SMI is a diffusion index, any index value above 50 indicates growth and below 50 indicates contraction.

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