by Ed Jones

Africa Index

All indications show strong economic performance throughout the continent

Various indices support the fact that economic activity in Africa shows progress
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The Africa Index is by far the most up-to-date assessment of economic activity in Africa, and provides the only monthly data covering all sectors of the African economy.

The Headline Sales Managers’ Index shows that economic growth in the African continent has been very vigorous in the past year.  

Of the individual component indices that go to make up the Headline Africa Index, the key Confidence in Future Business Conditions Index shows that sales managers continue to be remarkably optimistic.

A Future Confidence Index value of 72.9 was recorded in May, and suggests that a large majority of African businesspeople continue to believe conditions in the coming months are likely to remain extremely favourable for economic and business development.  

The Market Growth Index (reflecting respondents' views on the markets they are selling into) saw a May index reading of 61.4, indicating very rapid growth.

The all-market Product Sales Index (reflecting respondents' views on the performance of their own company rather than the market in which they work) registered 55, again indicating rapid growth.

The Africa Staffing Index registered a level of 56.3, indicating that managers are expanding payrolls to meet new demand from the expanding marketplace.

Overall, the sales managers indices for May continue to confirm Africa as one of the few current economic success stories of the world, with growth rates continuing at high but not out-of-control levels in many parts of the continent.

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