Consumers in the UAE are very optimistic in their attitudes towards the economy, a survey conducted by an international credit card firm said.
According to the latest MasterCard Worldwide IndexTM of Consumer Confidence released on Thursday, consumers in the UAE scored 86.0 points, the highest level since 2009. They expressed their optimism about economy (89.1), employment (88.9), regular income (86.2), stock market (77.0) and quality of Life (88.6).
Compared to male respondents, their female counterparts were more optimistic (88.2) about their prospects for the coming months, with that under the age of 30 more optimistic (89.5) than respondents over the age of 30 (85.0).
“The consumer confidence score for the UAE is at its highest since 2009, highlighting that the positive performance seen in key sectors like retail and hospitality is trickling down to impact consumer sentiment. The UAE’s continued growth has led to consistently high scores in the last couple of years,” Eyad Al-Kourdi, vice president and country manager, UAE, MasterCard Worldwide, said.