The Personal Well-Being Index (PWBI) for the month of June declined by 1.6-points to stand at 41.4 while the Consumer Confidence Index (CCI) also declined slightly by 1.6-points to stand at 69.5, according to the latest NOI Polls.
Furthermore, there was a decline in five of the seven indicators that make up the Personal Well-Being Index whilst the last two indicators; the Religion Index experienced a slight increase and the Health Index remained constant respectively.
Similarly, analysis of the two indicators that make up the Consumer Confidence Index reveal that the Present Situation index (PSI) decreased slightly while the Expectation Index (EI) increased. These are the key highlights from the June 2014 Portfolio of Indices Press Release.
In February 2014, NOIPolls Limited introduced its portfolio of indices; the NOIPolls Personal Well-Being Index (PWBI), the NOIPolls Consumer Confidence Index (CCI) and the NOIPolls Eagle 30 Business Confidence Index (EBCI).
The NOIPolls Personal Well-Being Index measures factors impacting on the lives of everyday Nigerians; thereby producing a complete view of the individual’s personal well-being. The NOIPolls Consumer Confidence Index provides consumer assessments of the economic situation and their intentions and expectations for the future.
The NOIPolls Personal Well-Being Index for June 2014 declined by 1.6-points to stand at 41.4; this is a slight drop in the perception of respondents about their personal well-being.
An analysis of the individual indicators that make up the PWBI shows there were declines in five out of the seven indicators that make up the Personal Well-Being Index while the remaining two indices Religion and Health Indices recorded an increase and stable position respectively.
Nigerians are most satisfied in terms of Religion (86.9); Social Interaction (73.1) and Physical Health (74.0). Furthermore, Nigerians are mostly neutral in terms of Achievement in Life (52.3), Standard of Living (47.8) and Personal Security (47.9). Finally, Nigerians are least satisfied with their Personal Economic Situation (36.8).
This indicator has remained the lowest ranked indicator over the 18-month period since NOIPolls introduced its PWBI in January 2014.
The NOIPolls Consumer Confidence Index for June 2014 declined by 1.6-points to stand at 69.5. In spite of this slight decline, current results generally indicate that Nigerians feel good about their current personal situation, the economy and remain optimistic about the future.
The NOIPolls Consumer Confidence Index comprises of two independent variables; the Present Situation Index (PSI) and Expectation Index (EI). Trend analysis shows that the Present Situation Index declined by 0.7-points and currently stands at 61.7 while the Expectation Index increased by 1.7-points and stands at 79.3 in June 2014. Overall, the CCI decreased by 1.6-points to 69.5 in the month of June 2014.
