Released: 2 April 2020
Mongolian Economic Activity Falls to the Lowest Level Recorded in the 7 Year History of this Index. But There is Hope…
- Headline Sales Managers Index falls again to its lowest ever level
- Business Confidence at all time low level
- Sales Growth Index at 60 month low
- All indexes now below the 50 no-change level
The Mongolian economy is obviously dependant on the massive Chinese economy next door. Given the near shutdown of many elements of the Chinese economy in February resulting from the spread of the Coronavirus, the supply chains based in Mongolia necessarily have felt the pressure.
The only good news is that in March many Chinese Sales Managers did start to report some lifting of the Coronavirus induced gloom. There is concrete evidence that parts of the Chinese economy are being revived. So next month Mongolian Sales Managers are likely to report slightly better news than that featured in this pretty awful March report.
Mongolia: Headline Sales Managers Index (SMI excl. prices)
The Headline Sales Managers' Index (SMI) - a composite indicator designed to provide the most up-to-date assessment of business activity.
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INDEXES AVAILABLE:
- HEADLINE SALES MANAGERS’ INDEX (SMI)
- BUSINESS CONFIDENCE INDEX
- MARKET GROWTH INDEX
- SALES GROWTH INDEX
- PRICES CHARGED INDEX
- STAFFING LEVELS INDEX
- CURRENCY STRENGTH INDEX
- PROFIT MARGINS INDEX
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