U.S. Sales Managers’ Index at 2 year high in August
The Sales Growth Index registered a strong monthly improvement, increasing 2.4 index points on the July level.
Market growth levels have remained buoyant, driven by strong sales and easing price inflation.
The level of the Prices Charged Index was down on the previous month’s reading indicating that consumer prices are slowing slightly whilst the recent low in the Prices Charged Index for Manufacturing suggests Producer Price Inflation is continuing to ease.
New employment growth is continuing in August at a modest rate with managers explaining that qualified staff are increasingly hard to find.
Overall, panellists in August are saying that the U.S. Economy is experiencing strong sales, easing prices and they are becoming increasingly optimistic that economic momentum is likely to continue in the second half of the year. ■