World Economics

Sales Data Shows Slow and Erratic Recovery From Covid

All growth related Sales Managers Indexes once again lurched into negative territory in September, but over recent months demonstrate a slow but steady climb out the depths plumbed during the Covid crisis, as show in  the first chart.

Mongolia: Headline Sales Managers Index

 

The Prices Index remained very steady, at virtually no change on August, a reassuring figure given almost universal worries about resurgent inflation elsewhere in the world.

The Jobs Index fell from the 21 month high recoded in August, but seen over the last few months does appear to be gradually returning to more normal levels.

Perhaps the best news was provided by the 22 month high recorded by the Profits Index. Although continuing to reflect poor results in many companies, the steady climb from the unprecedented low levels seen in 2020 are likely to herald a revival in profitability in 2022.

Mongolia: Profit Margins Index

 

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