The growth in Sila Consumer Sentiment Index – GCC has been steadily rising as a combined trend since the second half of 2020.
This report looks into what factors drive or detract from consumer sentiment across GCC and the market-by-market impact on the overall trends.
When we break down the three major contributing factors to confidence; economy, business, and employment, we can see the major driving force of the region’s sentiment growth is the positive outlook on employment.
“It’s interesting July saw a tail-off in the significant growth across 2020 and the first half of 2021. To some extent, this is expected as we head into the traditionally quieter months of July and August. However, some real concerns remain in the GCC and those are largely the lingering impact of COVID-19 restrictions.”
D/A’s Managing Partner, Paul Kelly.
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