UAE Consumer Confidence shows strong optimism

Results of the MasterIndex of Consumer Confidence survey for the second half of 2006 reveal that consumer confidence in the United Arab Emirates (UAE) is climbing, at a steady pace and remains strongly positive.
The current UAE MasterIndex score at 80.0 out of a possible score of 100 is an improvement on the 77.5 score received six months ago. The latest survey conducted in the second half of 2006 measures perception of consumer confidence in the 6 months ahead. Indications are that consumer sentiment is increasingly more positive and optimistic. In the Middle East and Levant (MEL) the UAE ranked third in overall consumer confidence for the second half of 2006, the same position it held in the last survey conducted six months ago.
Commissioned by MasterCard Worldwide and conducted bi-annually in selected markets in South Asia, Middle East and Africa (SAMEA), the survey analyses consumers’ perceptions of economic conditions over the six months ahead. The MasterIndex has a range of 0 to 100 with 50 as the mid-point. A score above 50 indicates that consumers are optimistic about the economic climate, while a score below 50 signals that consumers are pessimistic about the economic situation. Read the full story from Source.