By Lexi Elo
The Portfolio of Indices report released by NOIPolls Limited has revealed that the NOIPolls Personal Well-Being Index (PWBI) for March 2015 experienced a slight decline of 0.52-points to stand at 45.26-points from 45.78-points in February 2015. The Personal Health and Personal Security indices both experienced an increase, while all other indices experienced a decline. These are the key highlights from the March 2015 Portfolio of Indices Press Release.
A year ago, (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 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.
This report presents the March 2015 results for the NOIPolls Personal Well Being Index (PWBI). The PWBI stood at 45.26-points in March 2015 with a slight decline of 0.52-points from 45.78-points in February 2015. This represents a slight dissatisfaction in the perception of Nigerians about their Personal Well-Being in the current month.
The Personal Standard of living index in the month of March 2015 declined by 1.03-points to stand at 52.45-points. Although this still shows an average level of satisfaction by Nigerians in their current standard of living. The Personal Health Index in the month of March 2015 experienced a slight increase of 0.06-points, revealing that Nigerians are still very much satisfied with their current health status.
This index experienced the highest decline in the month of March 2015 with 2.9-points; revealing an average satisfaction of Nigerians with their present achievements. The Personal Security index in the month of March 2015 experienced the highest increase in the month with 0.9-points from 58.63-points in February 2015; revealing that Nigerians are averagely satisfied with regards to their personal security
The Personal Social Interaction Index for the month of March 2015 declined by 0.68-points to stand at 79.04-points. This result shows that Nigerians are still highly satisfied with the social interaction with family, friends and colleagues. This index slightly declined by 0.78-points in the month of March 2015, however, it reveals a high satisfaction of Nigerians with their personal religious belief.
The Economic Index stood at 41.74-points in March 2015; revealing that Nigerians are dissatisfied with the current economic situation.