FINANCIAL NEWS

Kuwait’s consumer spending preserves strong pace

21 Oct 2015

(MENAFN) Kuwaiti consumer sector’s growth carried on its improvement more rapidly than the rest of Kuwait’s economy in spite of the general slump in development.

Additionally, the numbers showed that consumer spending progress also maintained a healthy pace, mainly driven by good sentiment and healthy growth in household income.

Furthermore, the consumer sector has been widely boosted and supported by the employment advancement which has been cultivating through the last twelve months.

However, according to the National account latest data; if consumers’ ATM cash withdrawals are also counted in, spending then has in fact deteriorated to 8 percent.

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