Sales Estimates Aren’t Suggesting an Acceleration in US Growth

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.