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 partner, Paul Kelly states “Moderate growth continues for a fourth month in October with a further 0.1 basepoint increase. The growth this month was driven by employment, as the harder to move and greatly dispersed index of business remains almost flat from last month”