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Consumer Confidence Index (CCI) is a barometer that measures the economic condition of Mongolia from a consumer perspective. NRCC has estimated CCI every quarter nationwide since 2014 in partnership with the Mongolia-Japan Human Resource Development Center. The index is based on consumer perceptions of current business and employment conditions and expectations for future business, employment, and income for six months.
Data collection for the Consumer Confidence Survey is conducted in the last month of the quarter. The quarterly survey covers about 1000 randomly selected consumers.
Consumer Confidence Survey is one of the few quarterly surveys in Mongolia. NRCC publishes Mongolia’s totals and breakouts by region, age, gender, education, income, and dwelling type. The concepts and questions used to compute the CCI remain the same, making it possible to compare historical data.
Click here for the CCI computation methodology file.
Consumer Confidence Index: 2018 3rd quarter
In the third quarter of 2018, Consumer Confidence Index (CCI) in Mongolia has decreased by 4.8 percentage points compared to the same period of the last year and reached to 81.7. A significant decrease in the Expectation Index, contributed to this fall. In particular, the Expectation Index has decreased by 16.9 percentage points and reached to 100.5.
Housing price expectation
Index of housing price expectation is calculated based on the consumers’ perception on housing price change in the next year. This index takes 1 if consumer expects housing price to increase and -1 if consumer expects the price to decrease. Since the 4th quarter of 2014, consumers have been expecting a fall in the price.