eLearningClasses.com
Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

THE SALES MANAGERS’ INDEX: GLOBAL ALL-SECTOR

Global Economic activity rose at solid pace in February

  • Global Market and Sales growth increased
  • Global Staffing Levels remained stable for 5th month
  • Prices charged for goods and services increased

The World Economics Global All Sector Sales Managers’ Index (SMI) is a unique economic activity report covering a wide range of sectors and industries (except those controlled by Government) in 70 countries worldwide.

Overview

The Headline Index (calculated from an average of the Confidence, Growth, Sales, Prices and Staffing Indexes) stayed stable in February 58.4. Global economic activity is continuing to rise strongly, but the overall rate of increase is exhibiting a slightly slowing trend with a six month average of 58.7.

Business Confidence

LogoThe Business Confidence Index was down by 0.2 to register a value of 65.9 in February. The high level of the Index and the small monthly change indicates that panellists are very confident about future business conditions and this optimism is being reinforced despite the apparent slowdown in global growth.

Market Growth

The Market Growth Index in February was up by 0.2 to register a value of 58.8. This is the second uptick since this index fell gently between June and December. However, despite the recent falls and now improvement in the level of the index it continues to indicate that panellists are experiencing strong sales growth in the markets in which they operate.

Product Sales

The Product Sales Index fell by 0.1 to register a value of 58.2 in February. The index has been moving in line with the Market Growth Index indicating that companies are realising the opportunities provided by the markets they operate in.

Prices Charged

The Prices Charged Index increased to 54.8 in February after sixth consecutive monthly falls to December. Prices are rising across the globe, but the overall rate of inflation has eased back a little with a differential pattern being displayed between manufacturing and services.

Staffing Levels

The Staffing Index indicates that employment continues to grow at a steady rate across the globe. The Index remained stable to stay at the 55.1 level, which is very close to the average level of the Index of 55.2 over the last twelve months.

SummarySummary

World Economics Chief Executive Ed Jones commented on the release:

“The Headline Index for February indicated that global economic demand in both the manufacturing and the services sectors continued to rise at a stable rate. The ability of firms to capture market opportunities combined with falling inflation appears to be reinforcing business confidence.”