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The Sales Managers Index: Global Manufacturing

Released: January 17, 2017


Global Producer Output Prices Continue to Rise at the start of 2017

  • Business Confidence grows at fastest rate
  • New factory order growth remains stable
  • Job recruitment continued to be subdued in the manufacturing sector

The January SMI data for the Global Manufacturing sector reported another cautious month of improvements in manufacturing activity as the Headline Sales Managers Index increased 0.5 index points against the December level. The Business Confidence Index hit 54.6 in January, another solid monthly gain. Output Prices during the month also jumped sharply from for December suggesting the of return of global inflation as producers raise prices which will are likely to be passed on to buyers and consumers. Panel members continue to suggest that stable sales growth, higher output prices and stable business conditions are fuelling renewed optimism at the start of the New Year.



Headline Sales Managers' Index



Business Confidence Index



Sales Managers' Index Trends


  Direction Speed
SMI Growing Slowly
Business Confidence Growing Solidly
Market Growth Falling Slowly
Sales Output Growing Solidly
Prices Charged Growing Modestly
Staffing Levels Falling Very slowly



Prices Charged Index




About Global Manufacturing SMI Data



The Sales Managers Index provide the earliest monthly data on the speed and direction of Global Manufacturing economic activity.

Key advantages of the Global Manufacturing SMI:
  • The SMI provides the first indication each month of the speed and direction of economic growth in the Global Manufacturing sector .
  • 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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