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FINANCIAL NEWS
Qatar’s consumer confidence slips
12 Apr 2010
(MENAFN) Qatar’s Consumer Confidence Index (CCI), a quarterly survey conducted by Middle East’s job site Bayt.com in conjunction with research specialists YouGOv Siraj, found that Qatar moved down the index by only 0.3 points, The Peninsula reported.
The CCI is a measure of consumer expectations and satisfaction of various elements of the economy including inflation, job opportunities and the cost of living.
As part of the CCI, the respondents are asked questions about their personal financial circumstances and how they compare to the same period to the same period last year.
Overall, 36 percent of the region’s respondents said their financial position was the same and just over a quarter, 26 percent said it had got better.
On the whole, respondents are expecting to be in a better financial position next year. In Qatar, just 9 percent believe that their personal financial position will become worse, and 46 percent said that the country’s economy will be better in a year’s time, compared with 15 percent who said it would become worse.
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