Consumer Confidence is up in the UAE for first time in a year

Consumer Confidence is up in the UAE for first time in a year, latest Bayt.com and YouGovSiraj Index reveals.

44% of total respondents also believe business conditions will improve in a year’s time, while 28% believe more jobs will be available

UAE consumers feel the region’s economic pressures may be lifting, with the first recorded upward shift in consumer confidence in a year. These are the UAE results from the latest Consumer Confidence Index (CCI) - which has moved up by 15.9 index points as compared to the previous wave in Feb 09. This was the largest improvement amongst all the countries surveyed. The Consumer Confidence Index is a quarterly survey conducted by the Middle East’s number one job site - Bayt.com in and research specialists YouGov.

While respondents remain largely pessimistic about their current financial position, the country’s economy and whether or not it’s a good time to buy goods, optimism reigns for the future, with 44% believing business conditions - and 37% believing their country’s economy - will be better in a year’s time.

To read More: http://www.bayt.com/en/press-release-article-5041/