Abu Dhabi:The Optimism and Confidence Index in Abu Dhabi’s economic performance recorded 57 points in 2013, up from 55 in 2012 on a 100 point scale, according to the Confidence in the Business Climate Index issued by the Abu Dhabi Department of Economic Development.
Future expectations for the business climate recorded an average of 60 points in 2013, in comparison to the 57 points in 2012. The highest recorded average for future expectations was 61 points in 2013, and such optimism goes hand in hand with local and international expectations as Abu Dhabi recorded high growth rates in 2014.
Economic establishments revealed their optimism about economic conditions in the emirate during the first quarter of 2014, as the value of the future economic conditions index (in the last quarter of the current year poll) scored 61 points, the highest value index during the 2013. This optimism came in line with all domestic and international expectations for Abu Dhabi to achieve high growth rates in 2014.
The results of the general index and other sub-indexes, such as ‘the current situation index compared to the previous last three months’, and the ‘expectations index for the next three months’ according to economic activity (industrial, commercial, services, construction), showed varying rates of optimism in 2013. Service establishments scored an average of 58 points followed by 57 points for industrial establishments. Commercial and construction establishments recorded an average of 55 points.
