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FINANCIAL NEWS
UAE consumer sentiment up: Mastercard
13 Mar 2013
(MENAFN) Payments firm Mastercard stated that its Consumer Confidence Index for the UAE grew to 91.4 for the first half of 2013 from 86, six months ago, reported Arabian Business.
Mastercard’s report is based on asking respondents questions related to employment prospects, quality of life, economic outlook and stock markets performance for the 6 months.
The index showed that confidence about quality of life rose to 95.6 from 88.6 six months ago; while employment index grew to 95.2 from 88.9; the economy increased to 94.6 from 89.1 and stock markets went up to 86.9 from 77.
However, confidence in regular income fell to 84.7 from 86.2.
It is worth noting that both female and male respondents to the survey were positive about the coming months, both 91.4, nevertheless, consumers under the age of 30 were more optimistic, at 94.6, compared to older respondents, at 90.4.
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