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The Sales Managers Index: China

Released: April 17, 2017

Strong Services Sector Drives Resurgent Chinese GDP

  • Sales Managers’ Index at highest level for 21 months in April
  • Service sector outpaces growth in manufacturing industry once again
  • The Prices Charged Index continues to rise to levels indicating building inflationary pressures

Sales Managers’ Index (SMI) data shows that the Chinese economy continued to grow in April, at the strongest pace in 21 months. The Headline SMI for China increased to the highest level since July 2015, with the Sales Growth Index for the Services sector rising to 56.4, indicating very rapid growth in this increasingly dominant area of economic activity, and reflecting the rising importance of the Chinese consumer spending. The Prices Charged Index continues to rise in both Manufacturing and Services sectors, suggesting building inflationary pressures in the economy. Business optimism remains tepid overall however managers in the Service sector were considerably more upbeat than those in the Manufacturing sector.


Headline Sales Managers’ Index




   Prices Charged Index – All Sectors



Market Growth by Sector




Sales Growth Index – All Sectors









About China SMI Data



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

Key advantages of China SMI:
  • The SMI provides the first indication each month of the speed and direction of economic growth in China .
  • 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.
About the Sales Managers’ Indexes
About the Sales Managers’ Indexes
About the Sales Managers’ Indexes
About the Sales Managers’ Indexes
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