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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 Financial Situation
In the first quarter of 2017, 8.0 percent of consumers responded their financial situation improved within a year, while 34.0 percent responded their financial situation deteriorated. Moreover, the proportion of respondents reported improvement has increased slightly, while proportion reported deterioration has decreased slightly compared to the same period of previous year.
Loan Indicators
Recently the loan quality have worsened, in 2013 the principal in arrears was 1.56% of outstanding loans, 5.6% in 2015, 7.4% in 2016.