Consumer Confidence Index at highest level since 2017, says Dubai Economy ...United Arab Emirates

Dubai: Dubai saw its Consumer Confidence Index during the last quarter of 2020 rising to the highest level since the third quarter of 2017. The Q4 2020 Index of 142 points was way above the 133 points in the same period last year and 132 points recorded in Q3 2020. Mohammed Ali Rashed Lootah, CEO of the Commercial Compliance & Consumer Protection Sector in Dubai Economy, said the rising consumer confidence in the emirate was primarily due to expected improvements in personal finance conditions. "During the last quarter of 2020 as many as 82 per cent consumers were positive on the state of their personal finances over the next 12 months, compared to 79 per cent in the same period last year,

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