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Index of Consumer cofidence is one of the important indicators for the performance of economic activity. It aims to measure the satisfaction of Omani citizen on various economic conditions, including employment opportunities, planned investments, state of economic policy and the cost of living, among others. The importance of the consumer confidence index based on the role of consumer behavior - based on his/her expectations - of the various aspects of expenditure in determining the size and direction of market movement and the popularity of these markets. When citizens are going to spend more money, this means increased demand for various goods and services, which pushes to increase the size / number of production units to meet that demand, which increases the state of the economic recovery in the community, and the opposite occurs when the general trend of consumers’ expenditure reduced which leads to the economic downturn. consumer confidence index in Oman shall be calculated through the same methodology used to calculate the index that have been developed at the Surveys Research Center of University of Michigan, USA, which is the methodology used in many other countries, which offers the international comparability of the values of the index.
Index of Consumer cofidence is one of the important indicators for the performance of economic activity. It aims to measure the satisfaction of Omani citizen on various economic conditions, including employment opportunities, planned investments, state of economic policy and the cost of living, among others.
The importance of the consumer confidence index based on the role of consumer behavior - based on his/her expectations - of the various aspects of expenditure in determining the size and direction of market movement and the popularity of these markets. When citizens are going to spend more money, this means increased demand for various goods and services, which pushes to increase the size / number of production units to meet that demand, which increases the state of the economic recovery in the community, and the opposite occurs when the general trend of consumers’ expenditure reduced which leads to the economic downturn.
consumer confidence index in Oman shall be calculated through the same methodology used to calculate the index that have been developed at the Surveys Research Center of University of Michigan, USA, which is the methodology used in many other countries, which offers the international comparability of the values of the index.
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