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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 by region
In the fourth quarter of 2017, CCI in Ulaanbaatar was 83. The Current Situation Index was 36 and the Expectation Index was 114. Consumers in rural areas are less optimistic than in Ulaanbaatar with CCI of 67. In particular, in the western and eastern regions consumer confidence is the lowest at 65 and 63 respectively.
Saving preference and households borrowing
In the fourth quarter of 2017, 40.6 percent of households prefer savings in tugrug over the other type of savings and this percent was 52.7 percent in the same quarter of 2016. On the other hand, the percentage of households who prefer savings in foreign currency has increased.