Record surge in UAE consumer confidence: Nielsen Consumer Confidence Index
UAE ranked as the eighth most optimistic country in the world in the third quarter of 2009
Dubai: The UAE ranks as the eighth most optimistic country in the world in the third quarter of 2009.
At 102 points, the UAE enjoys more consumer confidence than the global average of 86 – representing a rise of 13 points over six months in the latest Nielsen Global Consumer Confidence Index, conducted in 54 markets during September and October 2009.
The global average also rose 9 points since April 2009.
Nielsen’s Global Consumer Confidence Index tracked consumer confidence, major concerns and spending habits among more than 30,500 internet users in 54 countries.
In the latest round of the survey, Vietnam posted the largest consumer confidence increase in the 2nd half of 2009 compared to first half, up 24 points from 85 to 109 index points, followed by Hong Kong (+23 points) and Chile (+22 points).
India, Indonesia and Norway continued to top the global rankings for the most confident nations, while the most pessimistic nations were Latvia and Japan. Consumer confidence rose in 45 out of the 52 countries compared to six months ago (Ukraine and Romania were recently added to the survey).
The Nielsen Consumer Confidence Index hit its lowest point of 77 index points, six months ago, but as massive stimulus plans began to take effect around the world during the second quarter, consumer confidence slowly began to recover.
