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FINANCIAL NEWS
Survey: UAE consumer confidence remains high
05 Jul 2010
(MENAFN) The MasterCard Worldwide Index of Consumer Confidence Survey revealed that consumer confidence is still high in the UAE for the rest of the year despite a slight decrease, compared to first half of 2010, Gulf News reported.
The UAE has seen a small decline in the current consumer confidence as it scored 82.4, compared to 86.1 six months ago. This score is still high and a significant improvement from a year ago score of 29.6.
The consumer sentiment is reflected by the five economic indicators that make up the overall Index score. Of these indicators, sentiments toward the Quality of Life (87.5 versus 83.7) and Regular Income (86.8 versus 81.9) have increased compared to six months ago, whereas sentiments have decreased for Stock Market (72.6 versus 89.6), Economy (83.0 versus 89.4) and Employment (82.4 versus 86).
A separate survey on consumer purchasing priorities reveals that the primary purchasing priorities for UAE consumers are dining & entertainment, international personal air travel and fashion & accessories.
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