Released: 30 April 2020
Mongolian Economic Activity Falls Again.
But One Key Index Ticks Up Bringing Hope For An Early Recovery...
- Headline Sales Managers Index falls again to its lowest ever level
- Business Confidence at an all-time low level in April
- But key Sales Growth Index gains ground
The Mongolian economy is obviously dependant on the massive Chinese economy next door. Given the near shutdown of so many elements of the Chinese economy in February and March as a result of the Coronavirus, the supply chains based in Mongolia necessarily have felt the pressure.
The good news is that in March and April many Chinese Sales Managers reported significant lifting of the Coronavirus induced gloom. There is concrete evidence that many parts of the Chinese economy are recovering rapidly from the closedown. The problem now is that demand remains fragile as many western customers are now closed down. But recovery is very likely in May as Mongolian clients reopen their businesses and the downward pressure on the Mongolian economy lifts somewhat. Any recovery is likely to be slow and long, but recovery there should be...
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.
Access Mongolia SMI Charts & Data
- 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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