Released: 22 October 2018

Mongolian Economy Continues to Reflect the Slowdown in Chinese Economic
Activity, but Growth Remains Relatively High

  • Sales Managers Index remains at a high level reflecting continuing growth
  • Business Confidence and Sales Growth Indexes tumble, and price increases continue
  • Job Market Index remains on song, reflecting continuing energetic hiring, despite some negative news

The Headline Sales Managers’ Index (SMI) for Mongolia continued to fall back on its summer gains to post a value of 56.3 in October. This represents the fourth monthly fall in the index value after a run of 6 consecutive monthly gains came to an end in June. In October, the Market and Sales Growth Indexes both experienced sharp drops during the month which has also been reflected in reduced business confidence levels. Sales Managers are reporting that the weakness of the Tugrik is hurting their businesses as the Tugrik is still near its lowest exchange rate against the Chinese Yuan for well over 10 years. Despite the problems, overall economic growth continues at a reasonably rapid rate.


Mongolia: Headline Sales Managers’ Index (SMI)

 The Headline Sales Managers' Index (SMI) - a composite indicator designed to provide the most up-to-date assessment of business activity.




Access Mongolia SMI Charts & Data

DATA AND CHARTS COVERING ALL INDEXES BELOW CAN BE SUPPLIED TO JOURNALISTS AND WORLD ECONOMICS SUBSCRIBERS EACH MONTH:

  • HEADLINE SALES MANAGERS’ INDEX (SMI)
  • BUSINESS CONFIDENCE INDEX
  • MARKET GROWTH INDEX
  • SALES GROWTH INDEX
  • PRICES CHARGED INDEX
  • STAFFING LEVELS INDEX

FOR MORE DETAILS OF THE WORLD ECONOMICS MONTHLY SURVEY OF MONGOLIAN GROWTH PLEASE EMAIL DATA@WORLDECONOMICS.COM OR PHONE: +44 (0) 20 3372 5612