Released: 29 October 2021
Business Activity Related Indexes Rise to 19 Month Highs
The October Sales Managers Survey continues to reflect the massive recession in Indian economic activity caused by the Covid epidemic, but green shoots of recovery are now definitely starting to emerge.
The Sales Growth Index has at last broken through the 50 line separating growth from decline, and is at a 19 month high.
The Staffing Levels Index continues to show negative recruitment levels as managers play safe, but has also risen to a 19 month high.
On the other hand negative signs continue to be evident in many areas.
The Prices Charged Index reflects ever more elevated price levels resulting from supply chain problems.
And the Profit Margins Index continues to show falling levels of income.
But overall the economic situation and business prospects have clearly improved.
India SMI: Staffing Levels Index
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