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The Bayt.com Middle East Consumer Confidence Index Survey – October 2016

The Bayt.com Consumer Confidence Index is a FREE report providing many insights for employers and employees alike. For employers, higher consumer satisfaction in regards to the economic and personal financial conditions for instance means that consumers are more likely to spend their disposable income and stimulate further economic growth. For employees and job seekers, a positive view of the economy is often a good indicator of more and better career opportunities.

Survey Highlights:

Overall, less than one fifth (17%) believe that their financial conditions are better now than they were6 months ago. A higher proportion of GCC residents (25%) believe that, as compared to respondents in Levant and North Africa (13% and12%, respectively).

The majority of respondents (75%) expect the cost of living to increase within the next six months.

43% of MENA residents expect the business conditions to get better within the next six months. More GCC residents, especially those living in the UAE (65%) and Qatar (60%) foresee this improvement.

About one third (32%) of respondents plan to buy at least one vehicle for personal use in the next12 months while nearly one quarter (23%) plan to invest in a property.

Around one third (30%) of respondents expect the economy of their countries to improve in the next six months.

Data for the Bayt.com Middle East and North Africa Consumer Confidence Index survey was collected online from August3rd to August31st,2016, with2,893 respondents from the UAE, KSA, Qatar, Oman, Kuwait, Bahrain, Syria, Jordan, Lebanon, Egypt, Morocco, Tunisia and Algeria. Males and females aged18 years old and above, of all nationalities, were included in the survey.