Consumer confidence in UAE private sector, Saudi economy hits 12-month high – ArabianBusiness

Consumer confidence in UAE private sector, Saudi economy hits 12-month high – ArabianBusiness

Consumer confidence in the UAE economy and private business is continuing its rise, with positive sentiment for private business reaching a 12-month high at 75.6%, according to the latest research by leading consumer intelligence company, D/A.

The uptick was largely propelled by the trickle-down effect of higher oil prices and tourism activity driven by the enthusiasm around Expo 2020.

The research also showed confidence in the Saudi economy is near full at 91.3%, after a four-month increase. Significant improvements in oil prices and a series of public IPOs issued for the country’s key infrastructure projects have contributed to the positive trend.