WED, JANUARY 23 2019-theG&BJournal-The Consumer Confidence Index (CCI) report released by NOIPolls for Q4, 2018 has revealed a 3.5-point increase in the CCI to stand at 64-points in Q4, 2018 from the 60.2-points obtained in Q3, 2018, indicating that the spending pattern of citizens increased in this quarter perhaps due to the Christmas holidays.
The NOIPolls Consumer Confidence Index measures how optimistic or pessimistic consumers are regarding their present and future economic prospects. The increase in the CCI suggests that the spending pattern of Nigerian households increased in Q4, 2018.
Also, the Present Situation Index (PSI) declined while the Expectation Index (EI) experienced an increase and these are the two variables that make up the CCI. The PSI declined by 3.4-points from the results obtained in Q3, 2018 to stand at 38.3 -points in Q4, 2018, contrarily, the EI increased by 7.0-points from the 84.2 points obtained in Q3, 2018 to stand at 91.2-points.
The NOIPolls Consumer Confidence Index provides consumer assessments of the economic situation and their intentions and expectations for the future.
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