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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.
Household spending
31.5 percent of consumers found it the right time to purchase durable goods, whereas 55.3 percent of consumers found the time wrong. A share of respondents finding it the right time to purchase durable goods has increased by 11.0 percentage points, whereas the share respondents finding it the wrong time has decreased by 1.1 percentage points.
The Expected Inflation
CCI survey collects data on consumers’ expectation of price level. In the fourth quarter of 2017, the expectation of “increase in price level” in next 6 months has dominated (62.3 percent), while 20.9 percent of consumers expect no change in price level in next 6 months. However, 11 percent of consumers have the expectation of “do not know about changes in inflation” in this period.