Complex Made Simple

Response to consumer confidence survey exceeds expectations

The National Centre for Statistics and Information (NCSI) has successfully concluded their second consumer confidence survey and reports an outstanding response from citizens in Oman. The survey respondents were cooperative with NCSI call centre staff, answering all the survey questions thoughtfully. The Consumer Confidence Survey is part of NCSI’s commitment to use latest scientific research methodologies to provide reliable statistical data, indicators and publications for the public, and to update the concerned authorities and decision makers with the latest statistics and information.’

The NCSI consumer confidence survey, which got underway earlier this month, canvassed the opinion of citizens throughout the Sultanate on their expectations on the financial and economic outlook. The survey also investigated the buying and investment intentions of the target group, in addition to views on employment opportunities, wages and the job market in general. The outcomes derived from the survey will provide indicators of consumers’ confidence in the economy, and can be used within a global framework to summarize trends of projected economic growth in the short term.

A target group sample of some 1,200 Omanis aged 18 years and above, and drawn from different parts of the Sultanate received phone calls from the centre to canvas their opinion of future expectations on the financial and economic outlook. The survey was conducted during the period June 1st to June 8th.

The second consumer confidence survey was conducted to track changes in consumer sentiment following the first consumer confidence survey, which was held in March 2014. The consumer confidence measure stood at 161.7 points in March, this second survey will compare changes in consumer sentiment including the expectations index, current economic situations and family income index.