UAE – Mubasher: Emirati nationals retain positive sentiment regarding the economy’s outlook due to improvements in tourism, trading, and employment.
Around 87% of the survey respondents were satisfied with their current personal finances, while 80% were optimistic about their personal finances over the next 12 months, the quarterly consumer confidence survey of Dubai Economy showed, according to the Emirates News Agency (WAM).
Meanwhile, the overall Consumer Confidence Index inched down to 139 points in the second quarter of 2019, one point lower than the first quarter.
About 23% of consumers described the state of the UAE’s economy as excellent, while 45% depicted it as good.
“On buying things they need and want, 18% rated the current prices as excellent, while 60% described it as good. The percentage of consumers who felt the time is excellent/good to make purchases remained almost the same (89%) during the first two quarters of 2019,” WAM reported.
