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The Sales Managers Index: Mongolia

Released: March 21, 2017

Mongolian Headline SMI Continues to Improve

  • Market Growth Index up 26% year on year
  • Prices charged for goods and services continue to grow
  • Job losses evident

The Headline Mongolian Sales Managers’ Index (SMI) was 41.7 in March, an improvement from the level of 40.4 in February. The Market Growth Index, when compared the same month in 2016, represents a 26% increase, which indicates the steady progress that the Mongolian economy is making from the low in 2016. The private economy is still suffering from severe recession, data suggests that the economy is gradually emerging from the recessionary phase, and may emerge soon into a period of growth. All sub index components of the SMI, with the exception of the staffing index; registered improving levels in March. The Sales Growth Index is still in contraction territory but there has been a continuation of the improving trend, with the rate of negative growth slowly dropping off. Prices charged for sales of goods and services are continuing to grow which suggests higher price inflation is to follow at a modestly increasing rate. Managers’ report that the price increases have had a minimal impact on profit margins, indicating higher input costs are the driving force. The mild winter weather has given businesses a slight respite over the past few months but challenging conditions persist.



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 Slower
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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