Emirates consumer confidence on the rise

MasterCard has revealed the results of the latest MasterCard Index of Consumer Confidence, which indicates that Consumer Confidence in the UAE is steadily rising, with a score of 91.4 as compared to 86.0 in the previous edition of the Index released 6 months ago.Consumers in the UAE are ‘extremely optimistic’ in their overall consumer confidence score, and are positive about all five indicators measured in the Index. When compared to the previous edition of the survey, consumers are more optimistic about Quality of Life (95.6 vs. 88.6), Employment (95.2 vs. 88.9), Economy (94.6 vs. 89.1) and the Stock Market (86.9 vs. 77.0). Consumers also remain very optimistic about Regular Income (84.7 vs. 86.2), despite a slight decrease in its score when compared to 6 months ago.The latest findings indicate that female respondents and male respondents are equally positive about the coming months (91.4), but that consumers under the age of 30 years (94.6) are more optimistic. source : gulftoday