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FINANCIAL NEWS
Abu Dhabi Q1 consumer confidence rises
05 Jun 2013
(MENAFN) The Abu Dhabi Department of Economic Development stated that consumer confidence climbed during the first three months of 2013 in the capital, thanks to positive vision of government policies, reported The National.
The department’s index rose two points year on year, and five points since the last quarter of last year, reaching 128 points.
The data showed that consumer confidence was high among people aging between 18 to 30. Undergraduate and postgraduate certificate holders were the most optimistic.
Some of the factors behind this increase in confidence were the rise in government spending, an increase in job creation, as well as an improvement in access to credit.
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