The Sales Managers Index: Asia
Strong Economic Growth in Asia Remains Unchanged in October
Business confidence remains very high
Sales growth continues to grow rapidly with India leading the way
Prices inflation for goods and services remain modest
The Headline Sales Managers’ Index (SMI) for Asia was 57.7 in October, up by only 0.1 from the level in September and represents strong economic growth for the region as a whole. The average SMI for the first half of 2016 was 57.1 and the October data suggests a sustained high level of business activity. The primary driver of growth in Asia is coming from India’s rapid levels of growth which have been solid for the past two years. Business confidence levels in Asia remain very high based on strong sales and firm overall market growth. Price inflation for October remained muted and only just above the 50 ‘no change’ for the eighth month in succession.
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| http://www.worldeconomics.com/SMI/Asia-SalesManagersIndex.efp |
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