Arab Today, arab today uae most confident in me
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

UAE most confident in ME

Arab Today, arab today

Arab Today, arab today UAE most confident in ME

Dubai - Arabstoday

Consumer confidence in the UAE, the second-biggest Arab economy, continued to be stronger during the second quarter as the nation claimed sixth position in the global confidence index, according to a Nielsen survey. “The nation has retained its sixth position in the elite group of world’s top 10 most confident nations,” according to Nielsen, a global provider of information and insights into what consumers watch and buy. Saudi Arabia and Egypt were the only other two nations from the Middle East and North Africa that secured places in the top 10 in the survey conducted between May 4 and May 21, 2012. The report, entitled “Consumer confidence concerns and spending intentions around the World: Q2 2012”, said the oil-rich UAE managed to retain its ranking in the second quarter as the index rose to 108 points, three points higher than the previous quarter. “The spending on expanding oil and gas and civil infrastructure in Abu Dhabi has boosted the economic growth prospects as oil prices have averaged $100 a barrel,” a marketing manager of a leading consumer goods company said. “Thousands of new jobs have been created on those projects, while large spending has created wealth for the contractors and other stakeholders, which is translating into stronger consumer,” he said. The survey said that consumer confidence fell across major emerging economies such as China, India and Brazil in the second quarter. However, despite declining by three index points to 91, global consumer confidence is up two index points from the same period last year, the survey said. “Global consumer confidence declined three index points to 91 in second quarter of 2012 amid a worsening eurozone crisis, lacklustre US job growth and China’s downward GDP revision for 2012,” the Nielsen report said. Indonesia showed a rise in the index ladder, climbing two points to 120 to top the list of most confident countries in the second quarter. The resource-rich country overtook the first position from India, which lost four points from the first-quarter survey and is now placed second with 119 points. India had been the world’s most optimistic market for nine consecutive quarters. The other leading nations in descending order are the Philippines (116, -2), Saudi Arabia (115, -4), Malaysia (111, +4), the UAE (108, +3) Brazil (106, -4), China (105, -5), Hong Kong/Thailand (104, +1, +3), and Egypt (103, +6). In the latest round of the survey, overall confidence rose in 41 per cent of global markets measured by Nielsen, compared to a 68 per cent increase in the previous quarter. “Consumers are clearly proceeding with caution in relation to their spending intentions,” said Dr Venkatesh Bala, chief economist at The Cambridge Group, a part of Nielsen. “Consumer confidence lost momentum in the second quarter as global events, including a worsening eurozone crisis coupled with slowing growth rates in China and India, impacted financial markets and consumer sentiment in many parts of the world. As renewed volatility entered global markets, consumers reacted by reining in spending and consumption intentions.” Consistent with previous quarters, the economy and job security remain top concerns for global consumers surveyed. About 16 per cent of respondents indicated that their top concern is the economy and 14 per cent said they are concerned about job security. Only 10 per cent of respondents are concerned about balancing work and life responsibilities.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae most confident in me Arab Today, arab today uae most confident in me

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae most confident in me Arab Today, arab today uae most confident in me

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday