Consumer confidence drops in UAE

  • United Arab Emirates: Tuesday, December 30 - 2008 at 15:04

Consumer confidence is falling in the UAE due to the global financial crisis, according to a new study by Bayt.com in conjunction with research specialists YouGovSiraj. The report said the UAE's Consumer Confidence Index dropped by 3.4 index points for the months of October and November. While not the biggest drop recorded this year, the dip follows from continually waning levels of consumer confidence in the UAE throughout 2008.

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