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The Sales Managers Index: Mongolia

Released: February 21, 2017

Mongolian Economy Continues to Contract but at a Slower Rate

  • Sales Growth Index reports solid progress
  • Prices charged for goods and services continues to grow
  • Job losses evident as economic challenges continue

The Headline Mongolian Sales Managers’ Index (SMI) was 40.4 in February, an improvement from the level of 38.4 in January. The Market Growth Index in February, when compared the same month in 2016 represents a 7.2 point increase, which could indicate that the Mongolian economy is slowly showing signs of improvement. All sub index components of the SMI with the exception of the staffing index registered improving levels in February. The Sales Growth Index is still in contraction territory but there has been an emerging trend of improving conditions, with the rate of negative growth dropping off. Prices charged for new sales are continuing to grow, which suggests higher price inflation is to follow. Managers’ report that the price increases have had a minimal impact on profit margins, indicating higher input costs are the driving force. The fast approaching Mongolian Lunar New Year and mild winter weather has given businesses a slight respite from the challenging conditions in February.



Headline Sales Managers' Index



Business Confidence Index





Sales Managers' Indexes Trends

 

Direction Condition
SMI Falling Improving
Business Confidence Falling Improving
Market Growth Falling Improving
Sales Output Falling Improving
Prices Charged Growing Faster
Staffing Levels Falling Worsening





Prices Charged Index





About Mongolian SMI Data



The Sales Managers Index provide the  earliest monthly data on the speed and direction of Mongolian economic activity.

Key advantages of the Mongolia SMI:
  • The SMI provides the first indication each month of the speed and direction of economic growth in Mongolia.
  • The SMI provides the most complete indication of growth, covering all private sector activity.
  • The SMI is based on a key occupational group - uniquely able to sense changes in business activity levels.
  • The SMI is composite index of business confidence, market growth, sales, prices charged and staffing levels.
  • The SMI is a diffusion index, any index value above 50 indicates growth and below 50 indicates contraction.

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