Jordan Consumer Sentiment Index (Q2) - Jordan August, 2020
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Jordan Consumer Sentiment Index (Q2) Jordan August, 2020 Data Collected in June 2020 © 2020 Ipsos. All rights reserved. Contains Ipsos' Confidential and Proprietary information and may not be disclosed or reproduced without the prior written consent of Ipsos.
Introducing the Jordan Consumer Sentiment Index Ipsos’s Jordan Consumer Sentiment Index (JCSI), is a quarterly national survey of consumer attitudes on the current and future state of the local economy, personal financial situation, as well as confidence to make large investments and ability to save. Consumer sentiment is a key predictor of purchase trends in the market. Despite it being a lagging indicator, if consumer sentiment is high, people will make more purchases and the economy will expand. Businesses and Policy Makers can monitor changes in the index to factor the data in their decision-making processes. A wave-on- wave decreasing trend suggests consumers have a negative outlook on their ability to spend. Thus, manufacturers may expect consumers to avoid retail purchases, particularly items that require financing. Likewise, banks can anticipate a decrease in lending activity, mortgage applications, and credit card usage. 2
Introducing the Jordan Consumer Sentiment Index The quarterly JCSI Current Personal Financial Conditions JCSI result is driven by the JCSI Economic Expectations Overall Jordan aggregation of Consumer JCSI Investment Climate Sentiment Index four, weighted, sub-Indices JCSI Employment Confidence 3
Overall JCSI Survey Questions 1. Rate the current state of the economy in your local area using a scale from 1 to 7, where 7 means a very strong economy today and 1 means a very weak economy. 2. Looking ahead six months from now, do you expect the economy in your local area to be much stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? 3. Rate your current financial situation, using a scale from 1 to 7, where 7 means your personal financial situation is very strong today and 1 means it is very weak. 4. Looking ahead six months from now, do you expect your personal financial situation to be much stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? 5. Compared to 6 months ago, are you NOW more or less comfortable making a major purchase, like a home or car? 6. Compared to 6 months ago, are you NOW more or less comfortable making other household purchases? 7. Compared to 6 months ago, are you NOW more or less confident about job security for yourself, your family and other people you know personally? 8. Compared to 6 months ago, are you NOW more or less confident of your ability to invest in the future, including your ability to save money for your retirement or your children’s education? 9. Thinking of the last 6 months, have you, someone in your family or someone else you know personally lost their job as a result of economic conditions? 10. Now look ahead at the next six months. How likely is it that you, someone in your family or someone else you know personally will lose their job in the next six months as a result of economic conditions? 4
Demographics Gender Age Regions Socioeconomic Class* Amman 39.0% Irbid 20.0% 51.0% 18 - 24 23.0% Zarqa 14.0% A B C DE Balqa 6.0% Males 25-34 25.0% Al Mafraq 5.0% Kerak 8.1% 4.0% 35-44 21.0% Jerash 3.0% 20.5% 45.9% Madaba 2.0% 49.0% 45-54 16.0% Aqaba 2.0% 24.0% Ma'an 2.0% Females 55 + 15.0% Ajloun 2.0% Al Tafielah 1.0% *Based on Household Income *Excluding Don’t Know/ Refused To Answer 6 Data Collected in June 2020
Ipsos’ Jordanian Consumer Sentiment Index Reaches its Lowest Levels in the Second Quarter of 2020 Reviving the Economy and Protecting Livelihoods tops Jordanians’ List of Priorities as Concern Regarding the Containment of the Pandemic Subsides The preemptive measures imposed by the government at the beginning of the crisis played a crucial role in safeguarding public health, however, the strict lockdown measures further heightened financial pressures that were already facing Jordanians prior to the crisis. Subsequently, the gradual reopening of economic activity did not bring about reassurance regarding the state of the economy, but rather, as people resumed work and tried to acclimate to the new “Normal”, the economic impact of the previous months was clearly felt. In fact, 3 in 5 Jordanians believe that the state of the economy is weak – a considerable drop when compared to last quarter. Uncertainty regarding the country’s economic future has led to a 5-point decrease in the Jordanian Consumer Sentiment Index (JCSI) for this quarter. As the pandemic continues to wreak havoc worldwide, bleak sentiments towards the future were mirrored across most of the countries included in the survey. Globally, confidence towards job security was amongst the most impacted indices, with Jordanians exhibiting similar sentiments. While the government imposed various measures that aim to protect the national economy, maintain job security and limit the damages sustained as a result of the crisis, the vast majority of Jordanians have witnessed firsthand the heat of diminishing job security. In fact, 7 in 10 mentioned that they themselves or someone they knew have lost their livelihood as a result of the economic crisis and 1 in 2 of those employed witnessing a reduction in pay. With uncertainty surrounding their livelihoods, Jordanians’ confidence in their ability to spend or invest in their future has plummeted even further. With the number of cases subsiding towards the end of the second quarter and the country experiencing a temporary period of calm, Jordanians no longer felt the looming threat of the pandemic, with the majority believing that the pandemic will be short-lived. However, amidst the rising number of cases, striking a balance between protecting Jordanians’ lives and their livelihoods will continue to be the governments biggest challenge in the months to come, with the results of this quarter’s index clearly showing that Jordanians are in favor of reviving the economy as opposed to reverting back to strict lockdown measures. 8
JCSI Q2 Summary Country Economic Situation Top 3 Concerns For Jordanians Q: Rate the current state of the economy in your local area using a scale from 1 to 7, where 7 means a very strong economy today and 1 means a very weak economy. 55.3% 23.7% Strong High Cost of Living Versus JCSI, Q2 2020 Neither Strong Nor Weak Previous 56.2% Weak Wave 20.1% 30.4 35.4 Personal Financial Situation Q: Rate your current financial situation, using a scale from 1 to 7, where 7 means your personal financial situation is very strong today 49.7% Unemployment and 1 means it is very weak. 38.4% Strong Poverty & Social 67.7% 20.7% Neither Strong Nor Weak Inequality Weak 11.6% 9
Country’s General Situation 10
Current Economic Situation Trending “ Q: Now, thinking about our economic situation, how would you describe the current economic situation in Jordan? Positive Negative 64.8% 35.2% Q2 Q3 Q4 Q1 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020 11
Current Economic Situation Global Comparison Q: Now, thinking about our economic situation, how would you describe the current economic situation in Jordan? Compared to the Positive Results of Q1,20 Positive Negative Saudi Arabia 94% 6% +1% China 83% 17% -3% Germany 51% 49% -20% Sweden 50% 50% -5% India 43% 57% -16% Australia 38% 62% -9% Jordan 35% 65% -21% Poland 33% 67% -21% Turkey 31% 69% -7% Canada 29% 71% -20% USA 29% 71% -29% Belgium 26% 74% -16% Hungary 22% 78% -16% Russia 22% 78% -6% Mexico 21% 79% 0% Great Britain 18% 82% -35% France 17% 83% -11% South Korea 17% 83% +5% Argentina 14% 86% +5% Italy 14% 86% +1% Brazil 13% 87% -16% South Africa 13% 87% +3% Japan 9% 91% -7% Spain 9% 91% -17% 12
Jordanians’ Top Concerns Q: Which of these are your top three biggest concerns as a Jordanian citizen, whether they are economic, social or political? Compared to Q1,20 High Cost of Living/Inflation 55.3% +2% Unemployment 49.7% 0% Poverty & Social Inequality 38.4% +1% Corruption 31.2% +1% Weak Economy 25.4% +4% Taxes 19.5% +2% Healthcare 17.5% +1% Education 17.4% +2% Moral Decline 14.1% 0% Crime & Violence 8.9% +1% National Security 5.3% -1% Political Instability 3.8% +1% Immigration 3.2% -1% Scarcity of Natural Resources 3.1% -2% Environment 3.0% 0% 13
Sentiments Towards the Current Government 14
Confidence in the Government’s Role Q: How confident are you on a scale of 1 to 10, where 1 is not confident at all and 10 is extremely confident, with the government’s overall ability to improve the situation in Jordan? 100% Confident (Top Three Box Score) Neutral Not Confident (Bottom Three Box Score) 90% 80% 70% 60% 45.1% 50% 40% 30% 30.3% 20% 10% 24.6% 0% Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2018 2018 2019 2019 2019 2019 2020 2020 15
Personal Financial Situation 16
Current Personal Financial Situation Q: Rate your current financial situation, using a scale from 1 to 7, where 7 means your personal financial situation is very strong today and 1 means it is very weak. Strong (Top 3 Score) Neither Strong Nor Weak Weak (Bottom 3 Score) 100% 90% 80% 70% 60% 67.7% 50% 40% 20.7% 30% 20% 10% 11.6% 0% Q2 Q3 Q4 Q1 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020 17
Future Personal Financial Situation Q. Looking ahead six months from now, do you expect your personal financial situation to be much stronger, somewhat stronger, about the same, somewhat weaker, or much weaker that it is now? Stronger About the Same Weaker 100% 90% 80% 70% 60% 45.3% 50% 40% 31.7% 30% 20% 22.9% 10% 0% Q2 Q3 Q4 Q1 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020 18
Jordan’s Economic Situation 19
Current State of the Economy Q: Rate the current state of the economy in your local area using a scale from 1 to 7, where 7 means a very strong economy today and 1 means a very weak economy. 100% Strong (Top 3 Score) Neither Strong Nor Weak Weak (Bottom 3 Score) 90% 80% 70% 56.2% 60% 50% 40% 23.7% 30% 20% 20.1% 10% 0% Q2 Q3 Q4 Q1 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020 20
Current State of the Economy Global Comparison Q: Now Rate the current state of the economy in your local area using a scale from 1 to 7, where 7 means a very strong economy today and 1 means a very weak economy. Compared to the Positive Positive Outlook (Top 3 Box Score) Neutral Outlook Negative Outlook (Bottom 3 Box Score) Results of Q1,20 Saudi Arabia 73% 8% +1% China 72% 12% 0% Sweden 46% 22% -3% India 32% 33% -12% Australia 32% 38% -3% USA 31% 41% -23% Germany 30% 36% -19% Turkey 28% 54% 0% Poland 26% 41% -13% Canada 25% 42% -16% Mexico 22% 52% 0% Jordan 20% 56% -10% Belgium 20% 49% -14% Great Britain 20% 50% -19% South Korea 20% 53% +3% Brazil 20% 52% -8% Hungary 19% 47% -12% France 19% 49% -9% Russia 18% 58% -1% Italy 18% 56% 0% Spain 15% 58% -7% Argentina 13% 68% +2% South Africa 11% 60% -3% Japan 5% 71% -4% 21
Future State of the Economy Q: Looking ahead six months from now, do you expect the economy in your local area to be stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? Stronger About The Same Weaker 100% 90% 80% 70% 60% 50% 43.6% 40% 30% 28.5% 20% 10% 28.0% 0% Q2 Q3 Q4 Q1 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020 22
Employment 23
Job Security Q. Compared to 6 months ago, are you now more or less confident about job security for yourself, your family and other people you know personally? More Confident Less Confident 77.9% 22.1% Q2 Q3 Q4 Q1 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020 24
Job Security Global Comparison Q. Compared to 6 months ago, are you now more or less confident about job security for yourself, your family and other people you know personally? Compared to More More Confident Less Confident Confident Results of Q1,20 China 75% 25% 0% Saudi Arabia 58% 42% -12% Germany 40% 60% -14% India 37% 63% -18% USA 36% 64% -21% Sweden 34% 66% -22% Australia 31% 69% -8% France 30% 70% -3% Canada 28% 72% -21% Belgium 28% 72% -12% Italy 27% 73% -2% Mexico 25% 75% -16% Great Britain 25% 75% -23% Argentina 24% 76% -12% Turkey 23% 77% -11% Jordan 22% 78% -7% Russia 22% 78% -10% Poland 21% 79% -29% Brazil 21% 79% -24% South Africa 21% 79% -13% South Korea 18% 82% -2% Hungary 18% 82% -18% Spain 18% 82% -23% Japan 11% 89% -7% 25
Job Losses in the Past Six Months Q. Thinking about the last 6 months, have you, someone in your family or someone else you know personally lost their job as a result of economic conditions? Yes No 70.9% 29.1% Q2 Q3 Q4 Q1 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020 26
Job Losses in the Next Six Months Q. Looking ahead at the next six months, how likely is it that you, someone in your family or someone else you know personally will lose their job in the next six months as a result of economic conditions? Likely Unlikely 79.5% 20.5% Q2 Q3 Q4 Q1 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020 27
Impact of COVID-19 on Employment (Out of Those Employed Only, N= 444) Q: Which of the following statement apply to you? Please select all that apply. % of Those whose Employment was Impacted following the Pandemic Not Impacted Impacted 45.6% 30.0% 19.1% 13.3% 10.5% 9.0% 7.2% 70.0% Salary Was Cut Employment Salary Was Not Expecting a Laid Off Put on Unpaid Was Not Affected At All Salary Cut in (Temporary Leave Affected the Future Leave) 28
Investment Climate 29
Ability to Invest in The Future Q. Compared to 6 months ago, are you NOW more or less comfortable about your ability to invest in the future, including your ability to save money for your retirement and your children’s education? More Comfortable Less Comfortable 77.0% 23.0% Q2 Q3 Q4 Q1 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020 30
Ability to Invest in The Future Global Comparison Q. Compared to 6 months ago, are you NOW more or less comfortable about your ability to invest in the future, including your ability to save money for your retirement and your children’s education? Compared to More More Comfortable Less Comfortable Confident Results of Q1,20 China 74% 26% +1% Saudi Arabia 58% 42% -9% India 41% 59% -16% US 37% 63% -15% Sweden 33% 67% -16% Germany 32% 68% -9% Australia 32% 68% -4% Canada 30% 70% -14% South Africa 30% 70% -9% Brazil 27% 73% -20% France 26% 74% -2% Mexico 26% 74% -11% Argentina 26% 74% -5% Belgium 25% 75% -4% Great Britain 24% 76% -18% Jordan 23% 77% -6% Italy 21% 79% -2% South Korea 20% 80% -1% Turkey 18% 82% -12% Poland 17% 83% -17% Hungary 17% 83% -8% Spain 17% 83% -15% Russia 14% 86% -6% Japan 11% 89% -3% 31
Ability to Make a Major Purchase Q. Compared to 6 months ago, are you now more or less comfortable making a major purchase, like a home or car? More Comfortable Less Comfortable 88.8% 11.2% Q2 Q3 Q4 Q1 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020 32
Buying Household Durables Q. Compared to 6 months ago, are you now more or less comfortable making other household purchases? More Comfortable Less Comfortable 80.4% 19.6% Q2 Q3 Q4 Q1 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020 33
Understanding Jordanians’ Perceptions of COVID-19 34
Impact of COVID-19 On The Country Duration of COVID 19 Level Of Threat On Jordan Preparedness to Deal With COVID 19 Q: “COVID-19 is being contained and will soon be over”, to Q: What level of threat does the coronavirus pose to your Q: Based on what you have seen, how confident are you about what extent do you agree or disagree with the statement? country ? the overall preparation to effectively deal with COVID-19? March (Q1, 2020) June (Q2, 2020) March (Q1, 2020) June (Q2, 2020) March (Q1, 2020) June (Q2, 2020) 50.8% 37.8% 49.3% Agree High Threat Prepared 69.5% 23.6% 61.3% 10.6% 28.1% 3.9% Neither Prepared or Neutral Moderate Threat Unprepared 18.3% 39.4% 15.4% 38.6% 34.1% 46.9% Disagree Low Threat Unprepared 12.2% 37.0% 23.3% 35
JCSI Deep Dive 36
0 100 10 20 30 40 50 60 70 80 90 37 Q2 2016 56.2 Q3 2016 Q4 2016 Q1 2017 53.6 55.5 52.7 Q3 2017 Q2 2018 49.2 49.7 Q3 2018 39.0 Q4 2018 31.7 Q1 2019 JCSI- Trending Overall JCSI Q2 2019 Q3 2019 34.9 36.4 35.5 Q4 2019 38.5 Q1 2020 35.4 Q2 2020 30.4 0 100 10 20 40 50 60 70 80 90 30 China Saudi Arabia US Sweden Germany India Australia Canada Great Britain Belgium France South Korea Poland Brazil Argentina Italy Hungary Mexico JCSI- Global Comparison Japan Spain Russia Jordan 30.4 South Africa Turkey Avg. 50.0
100 90 80 70 60 JCSI Personal 50 Avg. 50.0 Financial Conditions 40 46.6 43.7 44.7 30 41.1 36.8 35.0 20 This quarter’s index on financial conditions has seen a 5.5 point drop 25.0 25.0 23.7 26.2 25.2 in comparison to last quarter pushing Jordan placing Jordan at the 23rd 10 22.6 19.7 18.9 position. Nonetheless, there is a general decrease witnessed across 0 countries when it comes to people’s sentiment towards finances when compared to last quarter. Q2 Q3 Q4 Q1 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 1. Compared to 6 months ago, are you NOW more or less 2016 2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020 comfortable making other household purchases? 2. Compared to 6 months ago, are you NOW more or less comfortable making a major purchase, like a home or car? 100 3. Compared to 6 months ago, are you NOW more or less confident 90 about job security for yourself, your family and other people you 80 know personally? 70 4. Compared to 6 months ago, are you NOW more or less confident 60 Avg. 50.0 of your ability to invest in the future, including your ability to save 50 money for your retirement or your children’s education? 40 5. Rate your current financial situation, using a scale from 1 to 7, 30 19.7 where 7 means your personal financial situation is very strong 20 today and 1 means it is very weak. 10 6. Rate the current state of the economy in your local area using a 0 Hungary Canada Belgium India Japan China Sweden US Australia France Turkey Brazil Spain Germany Poland Mexico South Africa Argentina Italy Great Britain Russia South Korea Saudi Arabia Jordan scale from 1 to 7, where 7 means a very strong economy today and 1 means a very weak economy. 38
100 90 80 70 63.5 62.2 63.2 62.7 64.2 59.4 55.0 55.0 60 50.1 51.4 50.8 JCSI Economic 50 46.8 49.0 49.0 Expectations 40 Avg. 50.0 30 20 Jordanians’ expectations regarding their country’s economy 10 has been stable when compared to the previous quarter. While Jordan is placed at the 13th position when compared to 0 other countries, there is a general level of pessimism Q2 Q3 Q4 Q1 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 witnessed globally. 2016 2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020 Now look ahead at the next six months. How likely is it that you, someone in your family or someone else you know personally will lose their job in the next six months as a result 100 of economic conditions? 90 80 1. Looking ahead six months from now, do you expect the economy in your local area to be much stronger, 70 somewhat stronger, about the same, somewhat weaker, 60 Avg. 50.0 49.0 or much weaker than it is now? 50 2. Looking ahead six months from now, do you expect your 40 personal financial situation to be much stronger, 30 somewhat stronger, about the same, somewhat weaker, 20 or much weaker than it is now? 10 0 Canada Hungary US Belgium Turkey India Brazil Spain Japan China Australia Germany Sweden Mexico France Italy Poland Great Britain South Africa Argentina Russia South Korea Saudi Arabia Jordan 39
100 90 80 70 60 49.0 Avg. 50.0 48.0 45.5 44.6 JCSI Investment Climate 50 39.1 40.0 40 28.8 30.9 25.5 28.2 26.9 27.4 30 21.8 24.0 20 Jordanians’ cynicism towards their ability to invest has 10 increased this quarter, resulting in a further 3.4 point drop when compared to the first quarter of this year. 0 Q2 Q3 Q4 Q1 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 1. Compared to 6 months ago, are you NOW more or less comfortable making a major purchase, like a home or 2016 2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020 car? 2. Compared to 6 months ago, are you NOW more or less 100 comfortable making other household purchases? 90 80 3. Compared to 6 months ago, are you NOW more or less confident of your ability to invest in the future, including 70 your ability to save money for your retirement or your 60 Avg. 50.0 children’s education? 50 4. Rate your current financial situation, using a scale from 1 40 24.0 to 7, where 7 means your personal financial situation is 30 very strong today and 1 means it is very weak. 20 5. Looking ahead six months from now, do you expect your 10 personal financial situation to be much stronger, 0 Jordan Canada Hungary India Japan China Sweden US Belgium France Turkey Brazil Spain Australia Germany Mexico South Africa Poland Argentina Italy Great Britain Russia South Korea Saudi Arabia somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? 40
100 90 80 66.9 64.6 70 62.8 61.5 60.0 60.3 60 JCSI Employment 50 46.2 40.8 41.7 42.3 42.3 44.0 39.0 Confidence 40 Avg. 50.0 30.7 30 20 The employment index has also seen a deterioration 10 this quarter, pushing Jordan’s position even further 0 in comparison to the previous wave. Implications of Q2 Q3 Q4 Q1 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 COVID 19 on employment confidence is evident 2016 2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020 across all countries included in the survey. Compared to 6 months ago, are you now more or 100 less confident about job security for yourself, your 90 family and other people you know personally? 80 1. Thinking about the last 6 months, have you, 70 someone in your family or someone else you 60 Avg. 50.0 know personally lost their job as a result of 50 economic conditions? 40 30.7 2. Now look ahead at the next six months. How 30 likely is it that you, someone in your family or 20 someone else you know personally will lose their 10 job in the next six months as a result of economic 0 conditions? Canada Hungary Japan India Sweden Belgium France US Turkey Spain Brazil Germany China Poland Australia Mexico Italy Argentina Great Britain South Africa Russia South Korea Saudi Arabia Jordan 41
JCSI Methodology 42
JCSI Methodology Mixed Methodology - Computer Assisted Telephone Interviews (CATI) and Self Administrated Online Interviews (Online Panels) Sample Size – 1000 Respondents Age – 18 years old and above Sample Criteria – Nationally Representative Sample of Jordanians The JCSI Index is calculated by utilizing data from the survey results. Responses are divided into aggregated Top Box (Reward) numbers and Bottom Box (Penalty) numbers. Using Shapely Value Analysis, values were generated for the penalty and reward for each question. The magnitude of each question is the difference between the reward and penalty. An Importance factor, which the ultimate weight of the particular question in the index, is the magnitude of each question divided by the total magnitude of all questions. A Top Box Weight for each question is calculated by dividing the Reward by the magnitude of each question. Similarly, the Bottom Weight for each question is calculated by dividing the Penalty for each question by magnitude of the same. The Index Value for each question is calculated by using the formula: Importance x (Top Box Wt * Top Box %) -(Bottom Box Wt * Bottom box %). 43
GAME CHANGERS At Ipsos we are passionately curious about people, markets, brands and society. We make our changing world easier and faster to navigate and inspire clients to make smarter decisions. We deliver with security, simplicity, speed and substance. We are Game Changers For more information, please contact: Saif Nimry Managing Director of Jordan and Iraq Saif.Nimry@ipsos.com Noor Al-Salhi Senior Accounts Manager – Ipsos Jordan noor.alsalhi@ipsos.com Tala Abughoush Project Manager– Ipsos Jordan tala.abughoush@ipsos.com
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