The National Center for Statistics and Information concluded its second Consumer Confidence Survey yesterday (25 May), which began on 17 May. The survey targeted citizens aged 18 years or over.
The Consumer Confidence Index is an important indicator of the performance of the country's economy. The aim of this survey is to measure the Omani citizen's satisfaction with the economic condition in the Sultanate, across parameters such as availability of jobs, investments and cost of living, and optimism regarding the development of these conditions for a period of one year. The consumer confidence index is calculated in the Sultanate according to the methodology of the Survey Research Center at the University of Michigan, USA. The general consumer confidence index is calculated as a simple arithmetic mean of three sub-indices: the current economic situation indicator, the household income level index, and the consumer expectations index.
The sample size of the survey was limited to 1200 Omani citizens residing in the Sultanate across the governorates. The survey gave equal representation to males and females of various age groups and educational levels. The data was collected by trained and qualified personnel over telephone through a specialized call center equipped with modern technology designed for this purpose. The National Center for Statistics and Information conducts the consumer confidence survey quarterly.
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