Latin American economy pauses on the road to recoveryStaff Writer | February 22, 2017
The Headline Latin American Sales Managers’ Index (SMI) was 49.0 in February – down slightly from 49.5 in January, World Economics reports.
LatAm The Prices Charged Index ticked up to 54.0
The Prices Charged Index ticked up to 54.0 during the period from 53.6 in January and is also at its highest level since April last year.
However, the February level of the index is significantly lower than the 58.1 reported in February 2016.
The Business Confidence Index, which expresses the sentiment among Sales Managers, remained stable at 51.3 in February for the third consecutive month, suggesting that although the overall economic situation may be improving.
Overall, the latest survey data suggests that the improving economic situation in Brazil and Mexico is helping to raise the outlook for the Latin American region as a whole but the recovery will be slow and will likely experience unexpected headwinds, especially from countries such as Venezuela and Argentina. ■