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Consumer confidence dips in ME
- Wednesday, April 16 - 2008 at 09:06
Consumer confidence is down across the Middle East, dipping by more than 12 index points in Egypt, 11 in Kuwait and 8 points in Algeria, according to a study by research specialists YouGovSiraj. There was also a slightly lower level of optimism in relatively strong markets of Saudi and Qatar where the decline was 6 and 3 index points respectively. The Consumer Confidence Index, which is a measure of a country's economic well being, reflects residents' satisfaction on various elements of the economy including inflation, job opportunities and cost of living.
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Jeff Florian, Senior ReporterWednesday, April 16 - 2008 at 09:06 UAE local time (GMT+4)
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