Economy / United Arab Emirates
UAE
October 2009 | Risk SummaryConsumer confidence in Abu Dhabi increased in Q309, according to research by the department of economic development. The consumer confidence index rose by 10.4% q-o-q, supporting research by job site Bayt.com, which reported an improvement in confidence across the UAE as a whole during Q3. In terms of consumers' propensity to consumer, the UAE saw an improvement of 13.2% q-o-q. However, 40% of respondents still said that they were worse off than a year ago, compared with just 21% who thought that they were in a better position, while less than half (45%) of respondents said that they were optimistic
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