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In the third quarter of 2018, Consumer Confidence Index (CCI) in Mongolia has decreased by 4.8 percentage points compared to the same period of the last year and reached to 81.7. A significant decrease in the Expectation Index, contributed to this fall. In particular, the Expectation Index has decreased by 16.9 percentage points and reached to 100.5.
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.