FINANCIAL NEWS

Oman posts highest consumer optimism level in ME

25 May 2012

(MENAFN) The MasterCard Worldwide Index of Consumer Confidence revealed that amongst the Middle East consumers, Omanis and Qataris have the highest consumer confidence level, at 93.6 each, reported Times of Oman.

The index showed that consumers in the Sultanate are most confident about quality of life, which rose to 98.2, compared with 97.7 in the previous reading, followed by economy, which fell to 97.9 from 99.4, whereas employment was at 96.5 down from 100, regular income dropped to 94.5 from 99.3 and the stock market declined to 80.6 from 97.6.

The MasterCard Index also showed that females are more optimistic about their outlook for the coming 6 months than males, and that consumers who are aged 30 and above are also more optimistic than younger ones.

It is worth noting that the MasterCard Index is based on a survey which gauges consumer confidence on general expectations in the market over the next 6 months, based on 5 economic measures, which are economy, employment, stock market, regular income and quality of life.

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