The General Index for Consumer Confidence in Abu Dhabi's economic performance posted about 115 points on average during the first quarter of 2016, according to the recent “Abu Dhabi's Economic Performance Report” issued by the Studies Directorate of Abu Dhabi Department of Economic Development.
The index included sub-indices that covered the individual financial conditions index as well as the index of confidence in economic policies related to consumers, the report noted.
The points recorded in Q1-16 reflected “continuous optimism among the consumers of different demographic and social segments towards the economic conditions in Abu Dhabi.”
Meanwhile, the individual financial conditions index recorded 102 points in March, reflecting the positive evaluation of individuals on their financial conditions by the end of Q1. The index value decreased slightly below the level of neutrality in Q1-16 recording 99 points on average.
The index performance was affected by the consumers' evaluation on their financial conditions during January.
“As for future expectations index, it scored (148) points, on average, during Q1 of 2016. It increased by 2 points compared to its level in the last quarter of 2015. Hence, it reflects a rise in consumer level of optimism in Abu Dhabi concerning the future of the economic conditions therein,” the report added.
On the labor sector level, trends of the index reflected continuous optimism levels among personnel in all sectors. Meanwhile, personnel of the government sector showed more optimism than others in Q1-16 with the general index of 126 points, on average, while the index for joint sector scored 177 points and the general index for the Private sector scored 111 points.
