Consumer confidence index in Dubai at its highest level in 10...


(WAM)

The Department of Economic Development in Dubai confirmed that the consumer confidence index in the emirate rose during the third quarter of this year to its highest level since its launch ten years ago. The study of the consumer confidence index prepared by the Commercial Control and Consumer Protection Sector indicated that the index rose during the period from July to August 2021 by two points from the previous quarter and 21 points compared to the same quarter of 2020. The consumer confidence index measures current and future impressions of consumers about the economic situation and consumer perceptions about the opportunities Work, personal financial conditions, and consumer desire to purchase products that he needs and wants to buy. During the third quarter of this year, the index showed positive impressions of job opportunities at the present time, as the percentage of consumers who were optimistic about finding a job reached 73%, compared to 46% in the third quarter of last year, and the percentage of optimism about finding a job in the next 12 months increased. To 88%, compared to 77% for the same quarter of 2020. Europeans and Americans topped the level of optimism about getting a job at the present time, reaching 80%, and the Emiratis issued impressions of getting a job in the next 12 months with an optimism rate of 93%.
Mohammed Ali Rashid Lootah, Executive Director of the Commercial Control and Consumer Protection Sector, said: The study of the consumer confidence index showed unprecedented results, which reflects the positive impression of consumers towards the economic conditions, and how Dubai successfully dealt with the return of economic activity after the challenges of the Covid-19 pandemic, and this appears clear. 86% of consumers feel that their personal financial conditions are good at the moment, compared to 72% in the third quarter of 2020. Lootah added that 82% of consumers believe that the time is right to buy the things they need and want to buy, which will reflect positively on the increase in spending in the local economy.





These were the details of the news Consumer confidence index in Dubai at its highest level in 10... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Gold prices today in Lebanon, Tuesday, December 7, 2021
NEXT Gold prices rise with the dollar’s decline.. and the rise in...

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]