NOIPolls: Personal Well-Being Index Increases, Economic Index Declines
Abuja, Nigeria. February, 2015 – The NOIPolls Personal Well-being Index (PWBI) result released for the month of January 2015 has revealed that the NOIPolls Personal Well-being Index increased by 1-point to stand at 47.7-points in January 2015 from 46.7-points in December 2014. The Personal Achievement Index and The Economic Situation Index both declined, while all other indices of the PWBI experienced an increase. These are the key highlights from the January 2015 NOIPolls Personal Well-being Index result 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 Eagle 30 Business Confidence Index measures business leaders’ perceptions and expectations about the Nigerian business environment using the top 30 companies in the country.Nigerian businesses, financial and government agencies largely depend on their perceptions and micro assessment of consumers’ expectation in making decisions.
At best, they draw conclusion on the business environment based on information from their immediate surroundings while the minority conduct surveys that are time and money consuming. However, the introduction of these indices provides indicators that will ensure stakeholders can detect and respond to changes in consumer behavior, the economy, and the business environment in Nigeria.
Main conclusions are as follow:
• The NOIPolls Personal Well-Being Index (PWBI) measures factors impacting on the lives of everyday Nigerians
• The Personal Well-Being Index slightly increased by 1-point
• The Personal Standard of Living Index experienced the highest increase with 2.6-points
• The highest decline was experienced by the Economic Situation Index
This report presents the January 2015 results for the NOIPolls Personal Well Being Index (PWBI).