UAE consumer spending up in August – GulfToday
UAE consumer spending up in August – GulfToday
A man buys food at a supermarket in Dubai. File/Reuters
In a sign that bodes well for an eventual market recovery after the coronavirus, consumer spending in the UAE continues to increase for the third straight month, jumping 63 per cent in August as compared to March, according to statistics released by the Federal Competitiveness and Statistics Authority (FCSA).
Hoteliers were among the top beneficiaries, as spending rose 29 per cent in August