Mongolia Services PMI
Mongolia's Services PMI fell to 44.8 in Q2 2025, a 6.7% decrease from 48 in Q1 2025. This is the lowest reading since Q1 2022. The contraction occurred despite overall economic growth from mining and agriculture. Wholesale and retail trade, along with transportation, continued to decline. Rising inflation, expected at 9.1% for 2025, likely impacted household spending and business costs. The services sector's contribution to economic growth moderated, indicating potential demand slowdown or operational challenges. Mongolia's record low Services PMI was 31 in Q1 2021 and record high was 56 in Q4 2023.
Quarterly Historical Data (2021-2025)
(in points)Mongolia Services PMI : Definition
The Bank of Mongolia Services PMI tracks the services sector's economic condition. Calculated from surveys covering new orders, business activity, employment, supplier deliveries and input prices, a reading above 50 signals expansion and below 50 indicates contraction.