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World Economics - Measuring Global Economic Activity and GDP

The Sales Managers Index: Global All-Sector

Released: February 21, 2017

Global Growth Remains Steady in February
  • Global Business Confidence remains very strong
  • Market Growth increases in February
  • Prices charged for goods and services grow to 19 month high

Global business activity across all industry sectors grew modestly in February with a headline SMI reading of 53.5 – this level indicates that the global economy continues to exhibit low but consistent rates of economic activity. The Business Confidence Index remained stable at 57.3 against the January level as the Sales Growth Index receded from its 15 month high of 55.9 in January to 55.2. Sales managers are suggesting that the outlook is promising for higher sales growth which will in turn drive global economic output. Price rises for goods and services have remained modest during the month with another increase in the index level to 53.1, up from 52.9 in January. The Staffing Levels Index fell on the January level with a value of 49.9. Towards the end of 2016 there was a marked improvement in the global economy, 2017 has started off on a solid footing and managers are optimistic of steadily improving conditions.

Headline Sales Managers' Index

Business Confident Index

Sales Managers' Indexes Trends

  Direction Speed
SMI Growing Slowly
Business Confidence Growing Very strongly
Market Growth Growing Slowly
Sales Output Growing Strongly
Prices Charged Growing Slowly
Staffing Levels Stable None

Prices Charged Index

About Global  All-Sector SMI Data

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

Key advantages of the Global All-Sector SMI:
  • The SMI provides the first indication each month of the speed and direction of economic growth across the Globe.
  • 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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