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FinancialNews
27-10-19
Consumers in Dubai satisfied on economy in Q2 of 2019
(MENAFN) Based on a media report, the overall economy in the emirate keeps the consumers in Dubai upbeat on their personal finances with optimism largely stemming from anticipated improvement across tourism, trading and employment.
Emirates news agency, Wam reported the overall Consumer Confidence Index in Dubai stood at 139 points in the second quarter (Q2) of 2019, a trivial decline of one point over the previous quarter, as 87 per cent of a Dubai Economy survey respondents expressed satisfaction on their current personal finances.
About 80 percent of the respondents were positive on their personal finances over the next 12 months the proportion of confident expatriates was higher at 86 per cent.
CEO of the Commercial Compliance and Consumer Protection (CCCP) sector at Dubai Economy, Mohammed Ali Rashed Lootah said the Consumer Confidence Index for Q2 2019 reflected the optimism prevailing among different consumer segments and added that the index is an important tool for enabling Dubai"s sustainable growth by proactively addressing challenges.
MENAFN2710201900450000ID1099185272
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