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Compared to the second half of 2007, the current index score on four of the five economic factors, such as regular income (70.3 vs 92.2 six months ago), employment (85.6 vs 95.2) and to a lesser extent, stock market (73.4 vs 81.5) and economy (87.1 vs 96) have seen the biggest decrease in index score.
UAE consumer confidence shaken
Consumer confidence in the UAE has declined in the past six months, according to the latest MasterCard Worldwide Index of Consumer Confidence findings for the first half of 2008, reported Gulf News. From a score of 88.8 six months ago out of a possible score of 100, the UAE index came down to 78.5. Indications for the UAE are that consumer sentiment is overall positive and optimistic with a high index score. In the Middle East and Levant, the UAE ranked third in consumer confidence with Kuwait (93.3) and Saudi Arabia (92.2) ranked in the first and second positions.
United Arab Emirates: Wednesday, February 06 - 2008 at 08:22
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Amena Bakr, Senior ReporterWednesday, February 06 - 2008 at 08:22 UAE local time (GMT+4)
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