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The Sales Managers Index: Mongolia

Released: December 20, 2016

Mongolian Economy Suffers as Business
Activity Continues to Slow

  • Business confidence slumps
  • Prices charged continue to fall
  • Job losses continue as the economy struggles with recession

The Headline Mongolian Sales Managers’ Index (SMI) for December was 37.0, almost unchanged from the level in November. The index is close to it’s the lowest level in 8 months as winter conditions start to take hold. The Market Growth Index experienced another sharp drop during the month which has also been reflected in falling business confidence levels. The Sales Growth Index, improved marginally to 33.8, up by 0.4 on the November level. Sales managers are reporting that the weakness of the Tugrik is severely hurting their businesses as the Tugrik remained close to record lows in mid-December against the Chinese Renminbi. China remains Mongolia’s largest trading partner. Sales managers are reporting that the weakness of the Tugrik is severely hurting their businesses as the Tugrik is now at its lowest exchange rate against the Chinese Renminbi for well over 10 years.

Headline Sales Managers' Index

Business Confidence Index

Sales Managers' Indexes Trends


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

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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