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The Sales Managers Index: Mongolia

Released: April 18, 2017

Mongolian Business Confidence at Highest
Level Since 2013

  • Headline SMI improves to 33 month high
  • Market Growth Index hits highest April value for 3 years
  • Prices charged for goods and services ease

The Headline Mongolian Sales Managers’ Index (SMI) was 44.7 in April, a solid improvement from the level of 41.7 in March. There has been a rapid increase in the levels of all component indexes of the SMI over the past 6 months, indicating that the economy has turned a corner from the low in 2016. There is the prospect of renewed growth over the coming months if the current trends continue. In unadjusted terms the Market Growth Index grew to 49.6 in April, the highest level since January 2014. The Business Confidence Index also increased rapidly with panel managers reporting renewed optimum stemming from the $440million loan package from the IMF. The government has indicated that they would like to stimulate growth for the key mining, agriculture and tourism sectors.

Headline Sales Managers' Index

Business Confidence Index

Market Growth Index

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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