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U.S. sales managers stay in buoyant mood as sales growth continues

Staff Writer | May 18, 2017
The Headline Sales Managers’ Index (SMI) registered 54.5 in May, staying close to the 17 month high reported in April.
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America   The Sales Managers Index: United States
Sales Managers reported an upturn in new manufacturing orders in May but panellists in the significant non-manufacturing sector are reporting a falloff in monthly sales growth and higher consumer prices for goods and services.

The increasingly buoyant levels of business confidence experienced in Q1 have continued into the second quarter with a Business Confidence Index reading of 55.9.

Panel members are expecting the economy to improve in the coming months but are slightly less optimistic than they were last month.

Despite the drop off in overall business activity in the private sector, the U.S. economy remains on a solid footing in May with high higher levels of economic growth than a year ago.