According to the second Consumer Confidence Index (CCI) conducted by Bayt.com and YouGov Siraj, 62% of people in the region believe their personal financial situations will improve in the year ahead, compared to 59% in the company’s April survey. Overall, the respondents demonstrated a modest rise in confidence in such areas as job availability, business conditions and inflation.
Some 55% of UAE respondents said they felt upbeat about their country’s economic prospects, a figure that reached a low of 27% in Lebanon and a high of 59% in Qatar.
The survey is based on data from 12,518 respondents, male and female across the GCC, Levant and North Africa. Responses were categorised according to nationality, country of residence and income bracket.
46% of consumers in Qatar and 41% in Saudi Arabia and Kuwait believed that their families’ current financial position was better than that of the previous year.
In the UAE, Saudi Arabia and Qatar, 51%, 57% and 58% respectively felt that in the current period, business conditions in their country were good.
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