Abu Dhabi - Mubasher: The results of the general index for consumer confidence in Abu Dhabi's economic performance showed higher optimism levels among consumers regarding the economic conditions during the second quarter of 2016.
This further reflects consumers' confidence in Abu Dhabi's economic capabilities to accommodate the current economic challenges and endure their pressures, thanks to the economy's potentials and capabilities, Abu Dhabi department of economic development said in a recent report.
The general index for consumer confidence in Abu Dhabi's economic performance recorded 122 points on average during Q2-16, increasing by approximately 7 points, when compared to its level during Q1-16, with the inflation rate of 2.7% in the first half of 2016, according to the studies department of Abu Dhabi department of economic development and statistic center Abu Dhabi (SCAD).
The Index of confidence in the policies, measuring consumers' confidence in the government policies related to their living conditions, went up to 112 points during Q2-16, increasing by 13 points, when compared to its level during Q1-16.
Khalifa Bin Salem Al Mansouri, acting undersecretary of Abu Dhabi's department of economic development said that the results of confidence index in Abu Dhabi's economic performance show higher confidence and optimism among consumers.
“While the consumers’ evaluation of their financial and living conditions in Abu Dhabi has improved at the end of Q2-16, it remained affected, during that quarter, by internal and external factors, including inflation and concerns related to unfavourable developments of the global economy, such as continuous fluctuations in oil markets, and weak performance of emerging economies,” he added.
