(MENAFN- Muscat Daily) MasterCard revealed the results of its latest Index of Consumer Confidence which indicate that consumer sentiment in Oman has recorded a remarkable increase with a score of 94.6.
Consumers in Oman are very optimistic about all five indicators measured in the index. When compared to the previous edition of the survey consumers are more optimistic about employment (97.4 vs 88.9) regular income (97.3 vs 91.8) stock market (95.0 vs 76.2) and quality of life (93.8 vs 86.9). Consumers also remain very optimistic about the indicator for economy (89.6 vs 91.8) despite a slight decrease in its score when compared to the previous edition of the index.
The latest findings also indicate that female respondents are more optimistic than male respondents about the coming months (96.0 vs 93.3) and that consumers between the age of 30-44 years (95.4) are more optimistic than younger respondents (93.2).
'The renewed consumer confidence in Oman is encouraging news for businesses and these trends reflect the steady economic growth that the country has been experiencing' said Raghav Prasad GM Gulf countries MasterCard. 'Besides the continued growth of its hydrocarbon sector the country has also benefitted from investment in key infrastructure projects which has created new opportunities for the citizens and residents of the country.'
Across the Middle East the consumer confidence level remains very optimistic with positive scores for all five indicators despite slight declines when compared to the previous edition of the Index released six months ago. Consumers are most optimistic about regular income and employment whereas results indicate a decline in consumer's confidence about quality of life and the stock market.
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