| Kippreport.com

UAE consumer confidence up in 2009, says Neilson

November 9, 2009 10:42 by Dana El Baltaji

According to Nielsen’s Global Consumer Confidence Index for the third quarter of 2009, the world’s top five most confident nations are India (120), Indonesia (115), Norway (110), Vietnam (109) and Brazil (108).

“The world is emerging from the economic crisis and, with it, global consumer confidence is rebounding,” the report explained. “Brazil and key Asian markets are posting double-digit increases in consumer sentiment, while the U.S. recorded its first increase in consumer confidence since 2007.”

It added: “Despite this renewed sense of optimism, actual behavior remains restrained; many consumers remain skittish about spending their money and in some countries, spending habits appear to have changed permanently.”

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Tags: 2009, consumer confidence, Nielsen, third quarter, UAE