Sales estimates have been relatively flat so far in 2016. At the beginning of the year, the median sales estimate for the next 12 months for US companies was 4.6%. Estimates fell as the market fell in February and eventually bottomed at 3.28%. Since then they have steadily, if only marginally, been rising and currently stand at 4.54%. The current trend in sales estimates suggest that we aren’t likely to see a pickup in US GDP growth, income growth, or consumption. The silver lining, however, is that it doesn’t seem to be decelerating much either.