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FINANCIAL NEWS
Consumer confidence in UAE increases 0.5 points
29 Sep 2010
(MENAFN) A survey conducted by Bayt.com in conjunction with research specialists YouGov Siraj, on the consumer confidence index (CCI), said that consumer confidence in UAE is stable and that the indicator is slightly reaching 0.5 points compared to June 2009, Khaleej Times reported.
The UAE stayed constant moving up the Propensity to Consume Index by just 0.1 points.
According to the survey, UAE stayed quite stable reporting only a slight reduction of 1.7 points in the Consumer Expectations Index since the last quarter. Overall, 48 percent of respondents said that next year their personal financial position is going to get better.
Respondents remain largely optimistic that their country?s economy is going to be better in a year?s time.
The UAE recorded a 2 points rise in the employee confidence index, which measures the attitudes of respondents to the local job market regarding their contentment towards the availability of jobs and their contentment on with their wages.
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