UAE consumer confidence hit by low oil price according to Nielsen
Consumer confidence in the UAE dropped four points in the 1Q16 compared to 4Q15 according to a survey by Nielsen. While consumer confidence edged down it was above the baseline score of 104. Saudi Arabia’s score matched that of UAE. The Global Survey of Consumer Confidence and Spending Intentions was conducted between March1 and 23 this year. UAE’s consumer confidence score at the current level is among the top ten countries globally. (Gulf News)
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