Indian Sales Managers reported another month of economic expansion in June. All Indexes remained over the 50 "no growth" level, in most cases more than comfortably over.
The Market Growth Index remains close to the 5-year high achieved in May, reflecting the secure position in which the majority of sales managers now view their expanding markets.
Business Confidence remained high reflecting not just the present situation, but Sales Managers optimism over the outlook for the next half year.
Potentially bad news came in with the June Price Index, which remained close to the uncomfortable high level reached in May. But a continuing low level of activity reflected by the Jobs Index suggests that economic activity is still likely to be firmly rooted in a stable environment, rather than in an out of control boom.
The Sales Managers' Indexes provide the earliest monthly data on the speed and direction of economic activity in key growth areas of the world.
The SMI’s (Sales Managers’ Indexes) are compiled and analysed by World Economics and are based on survey data collected from a panel of companies stratifying all Industry Classification Board (ICB) sectors which are weighted to reflect their contribution to national Gross Domestic Product.
Key advantages of the SMI's:
SMI data for India is published as diffusion indexes to gauge the speed and direction of economic activity.
Monthly data since 2014 is downloadable for all-sectors in a consistent unadjusted format for 6 key indexes: