Mongolian sales managers’ index increases www.gogo.mn
According to World Economics, the Mongolian sales managers' index increased in March, reaching 51.8 points, after previously being in decline.
The index is calculated based on the speed and direction of economic activity, and analysts say an increase is a sign of a growing economy.
As of March, the market growth index increased and reached its highest point in the last six months. World Economics also highlighted that there was an increase in the business confidence index. In February the index was at 53.4 points, but it approached almost 60 points in March. In 2016, the business confidence index was at 30 points.