World Economics reported that, in September, Mongolia’s Sales Managers Index reached 58.3 points in September – same rate as in August. However, it is on its lowest rate over the last four months.

The sales managers’ index is calculated by the scoring of five main indicators: business trust factors, market growth, sales, price changes, and employment rating.

The employment rating index reached 61.7 points - the highest level in five years. Analysts from World Economics emphasized that price change index fluctuates for more than 50 points. In other words, inflation is accelerating, according to World Economics research. According to the National Statistics Office, the inflation rate was 6.0 percent in August, which is around the target rate of the Bank of Mongolia.

Additionally, World Economics highlighted that Mongolia’s business confidence index has been in a growth zone since the beginning of 2018, heralding the expectation that the business climate will further improve.

Source: BloombergTv.mn