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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.
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.
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.