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Economy in Asia   The headline index was 56.8 in April

Sales managers report increasingly rapid growth in Asia

Asia economic activityThe Headline Sales Managers’ Index (SMI) for Asia was 56.8 in April, up by 0.6 points in March.

The April reading represents strong economic growth for the region as a whole and a continuation of the levels in Q1.

READ MORE Strong sales growth drives improving business confidence in Asia

The primary drivers of growth in Asia are coming from steadily improving conditions in China and India.

Businesses in China have continued to report improving conditions in both the services and manufacturing sectors in April.

The Philippines are also making a marked contribution to the region as the economy grows at a robust pace backed by foreign investment.

India’s SMI data shows that the economy is fast rebounding from the sharp drop in sales experienced in January.

Business confidence levels in Asia continue to remain high based on strong sales and firm overall market growth.

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