In this paper the concept of circular $r$-flows in a mono-directed signed graph $(G, σ)$ is introduced. That is a pair $(D, f)$, where $D$ is an orientation on $G$ and $f: E(G)\to (-r,r)$ satisfies that $|f(e)|\in [1, r-1]$ for each positive edge $e$ and $|f(e)|\in [0, \frac{r}{2}-1]\cup [\frac{r}{2}+1, r)$ for each negative edge $e$, and the total in-flow equals the total out-flow at each vertex. The circular flow index of a signed graph $(G, σ)$ with no positive bridge, denoted $Φ_c(G,σ)$, is the minimum $r$ such that $(G, σ)$ admits a circular $r$-flow. This is the dual notion of circular colorings and circular chromatic numbers of signed graphs recently introduced in [Circular chromatic number of signed graphs. R. Naserasr, Z. Wang, and X. Zhu. Electronic Journal of Combinatorics, 28(2)(2021), \#P2.44], and is distinct from the concept of circular flows in bi-directed graphs associated to signed graphs studied in the literature. We give several equivalent definitions, study basic properties of circular flows in mono-directed signed graphs, explore relations with flows in graphs, and focus on upper bounds on $Φ_c(G,σ)$ in terms of the edge-connectivity of $G$. Meanwhile, we note that for the particular values of $r_{_k}=\frac{2k}{k-1}$, and when restricted to two natural subclasses of signed graphs, the existence of a circular $r_{_k} $-flow is strongly connected with the existence of a modulo $k$-orientation, and in case of planar graphs, based on duality, with the homomorphisms to $C_{-k}$.