The Sales Managers Index: Mongolia.
Business Confidence Worsens as Sales Plunge
Sales and Market growth contract at faster rates
Business Confidence Index at lowest level for 10 months
Job losses continue as the economy struggles with recession
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The Headline Mongolian Sales Managers’ Index (SMI) continued to fall back on its summer gains to post a value of 39.5 in October. This represents the second monthly fall in the index value, as a run of 7 consecutive monthly gains came to an end in September. 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 considerably as the Tugrik is now at its lowest exchange rate against the Chinese Renminbi for well over 10 years.
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.
Business Confidence Worsens as Sales Plunge
Sales and Market growth contract at faster rates
Business Confidence Index at lowest level for 10 months
Job losses continue as the economy struggles with recession
VISIT NOW WEBSITE
The Headline Mongolian Sales Managers’ Index (SMI) continued to fall back on its summer gains to post a value of 39.5 in October. This represents the second monthly fall in the index value, as a run of 7 consecutive monthly gains came to an end in September. 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 considerably as the Tugrik is now at its lowest exchange rate against the Chinese Renminbi for well over 10 years.
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| http://www.worldeconomics.com/SMI/Mongolia-SalesManagersIndex.efp |
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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