CONSUMER CONFIDENCE INDEX DECREASED BY 5.6 PERCENT

Consumer Confidence Index towards the current economic situation reached 49.7 percent, showing a decrease of 5.6 percent compared to the previous year. This is a reduced performance for the first time in the last three years, economist and researcher B.Altantsetseg underlined. 

Household spending and purchase state are used to define consumer confidence index. And it becomes significant information on prediction of future economic trend.

“The future expectation index grew up by 10.9 percent from the same period of the previous year. Whereas, index towards current economic state declined this time,” she said.

Consumer Confidence Index measures the degree of optimism that consumers feel about the overall state of the country's economy and their personal financial situation. And the economy grows when consumer confidence index shows more optimistic results. 

Our country has been conducting the survey since 2009. 

Source: https://montsame.mn/en/read/218846