UAE women high on consumer confidence

UAE women high on consumer confidence

UAE women ride high on consumer confidence

Survey index shows residents of UAE, especially women, are more optimistic about quality of life, employment and economy in the country than three years ago.

July 23, 2012 1:20 by kippreport

According to Mastercard Worldwide Index of Consumer Confidence, consumers in the UAE are very optimistic in their attitudes towards all five indicators of employment, economy, quality of life, regular income and stock market. Infact, the result indicates consumer confidence levels in the UAE are at their highest since 2009.

The survey also highlighted that female respondents tend to be more optimistic about their prospects for the coming months than their male counterparts and that consumers under the age of 30 are more optimistic than respondents over the age of 30.

Across the Middle East, the level of consumer confidence is at an average of 83.5, and this sentiment is reflected across all five indicators. When compared to the previous edition of the Index released six months ago, respondents in the Middle East are most optimistic about Regular Income (89.8 vs. 91.3), Employment (85.5 vs. 85.5) and the Economy (84.4 vs. 86.5). Consumer sentiment towards Quality of Life (82.9 vs. 87.6) and the Stock Market (74.9 vs. 77.8) is also positive.

The Middle East’s aggregate score of 83.5 also remains higher than that of Asia/ Pacific (57.2) and Africa (76.1).

Survey findings in the Middle East also revealed consumer confidence is highest in Qatar with a score of 96.6. All markets surveyed across the Middle East, with the exception of Lebanon, reflected positive levels of consumer confidence, with scores of 84 or higher. Consumer Confidence in Egypt is at a record high of 90.7.