Saudi Arabia Consumer Sentiment May 2023
June 16, 2023
Introduction The Consumer Sentiment Index (CSI) is a crucial barometer of a region's overall economic sentiment, reflecting consumers' attitudes towards present and future economic conditions. As an index, it can offer significant insights into the economy’s health and potential future trends. In this article, we explore the consumer sentiment in Saudi Arabia for May 2023,…
UAE Consumer Sentiment Index: May 2023
June 16, 2023
Overall Consumer Sentiment (CSI Index: 87.41, +13.71 from April) In May 2023, the overall Sila Consumer Sentiment Index (CSI) in the UAE saw a significant jump to 87.41, a substantial increase from April's figure. This overall index is a comprehensive indicator that encapsulates sentiments about the business, economic, and employment landscapes in the UAE. Looking…
Sila Consumer Sentiment Index – Country Deep-dive September 2022
October 11, 2022
All major indices were up in September, showing a post-summer bump we saw last year and reflecting the global reality of the UAE’s position during a time of global uncertainty. The question remains - will sentiment dip in the future as global issues start to weigh on the highly internationalised economy? Or has Dubai, in…
Sila GCC Consumer Sentiment Index – September 2022
October 11, 2022
The Sila GCC Consumer Sentiment Index (CSI) is back with an improvement in conditions in September v. August, with the overall index rising to 57% in net positive territory with an increase of +5 points across the month, primarily driven by improvements in economic outlooks after a summer with inflationary consumer concerns. Readers should note…
Sila Consumer Sentiment Index – December 2021 Report
January 11, 2022
GCC consumer sentiment remains relatively unaffected by global agitators, says new D/A's latest Sila Consumer Sentiment Index. The headlines for the CSI this month are: GCC consumer confidence in the economy, business, and employment in December declined 1.2%, down to 65.3% from 66.5% in November Bahrain consumer confidence increases by 3.5%, Qatar declines by 3.1%…
Sila Consumer Sentiment Index – Qatar: Nov, 2021
December 13, 2021
Recording a 2.3% increase in overall positivity (from October’s 53.2% to 55.5% in November), Qatar’s recovery is being steered by factors similar to those perceived in Saudi Arabia. The improvement of the relationship with the UAE (and the rest of the GCC) has also produced tangible benefits, while the upcoming FIFA World Cup Qatar 2022…
Sila Consumer Sentiment Index – Kuwait: November 2021
December 13, 2021
Although a major economic force in the GCC, Kuwait is witnessing a persistent decline in economic sentiment. November’s net positive value of 65.9% represents a notable drop from the 71.3% recorded in October – itself a decline from 75.2% in September (a series high). This amounts to an almost 10% regression in consumer sentiment over…
Sila Consumer Sentiment Index – UAE: Nov, 2021
December 13, 2021
The second-largest economy in the GCC according to population size appears to not be impacted by the emergence of the new COVID-19 variant, sustaining a steady improvement in consumer confidence – from 75.8% in October to 78.2% in November. This substantial rise of 2.4% follows September’s figure of 74.6% and places the UAE above the…
Sila Consumer Sentiment Index – Saudi Arabia: November, 2021
December 13, 2021
The GCC’s largest economy has seen the consumer sentiment index rise to a net positivity of 50.2% in November. Since a decline from August’s 51.7% to 47.5% in September, confidence has been recovering steadily, after registering at 49.6% in October. While this has largely been propelled by growth in general economic confidence, it must be…
Sila Consumer Sentiment Index – Kuwait: Oct, 2021
November 30, 2021
Kuwait is a unique economy in the GCC. Structural issues with heavy dependence on oil are some of the major concerns of the country. Moreover, a significant portion of the economy relies on the public purse. Therefore, the sentiment in the economy is often high and needs to be studied by changes in patterns. For…
Sila Consumer Sentiment Index – Qatar: Oct, 2021
November 30, 2021
Qatar is an important economy to watch out for in 2022 with the upcoming World Cup. The overall consumer sentiment has dropped slightly from September. While the business and employment indices have grown in October, the economic sentiment has taken a downward movement, impacting the overall sentiment negatively. As D/A’s managing partner, Paul Kelly states…
Sila Consumer Sentiment Index – GCC: Oct, 2021
November 30, 2021
Overall consumer sentiment is net-positive in the GCC. While some member states are faring better than others, the complete picture is one of net positive consumer sentiment. There are areas of concern as the growth of sentiment eases, however, on the whole, it seems the consumers of the Gulf are largely positive. As Sila's managing…