image description
image description
Tell A Friend

FinancialNews


  • 03-02-16

    Kuwait's consumer sector to increase despite moderation

    (MENAFN) Kuwait's consumer sector will achieve an increase despite some moderation, whereas household's debt growth stayed in the double-digits.

    Moreover, household debt growth maintained a strong pace in recent months, with the pace hurrying over the last six months trailing two years of moderating growth.

    Additionally, growth came in at 12.9 percent yearly in Nov 2015, and personal services excluding credit for the purchase of securities grew to USD 35.61bn.

    Growth in consumer card spending increased by 17.8 percent Y/Y, involving consumer's ATM cash withdrawals also picked up to 11.1 percent yearly.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved