GCC consumer sentiment index
January 11, 2022
Sila Consumer Sentiment Index – December 2021 Report

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% […]

Sentiment in Saudi
December 13, 2021
Sila Consumer Sentiment Index – Qatar: Nov, 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 and the FIFA Arab Cup 2021 (taking place in December) are both major contributors to the positive outlook. Despite trending below July highs of 59.2%, the country’s consistent upward trajectory in consumer confidence has been building since September, when 52.2% net positivity was logged.

Sentiment in Saudi
December 13, 2021
Sila Consumer Sentiment Index – Kuwait: November 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 the past three months.

Sentiment in Saudi
December 13, 2021
Sila Consumer Sentiment Index – UAE: Nov, 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 pre-pandemic net positivity and consumer confidence level of 75.5%, which translates to a robust economy with overall positive sentiment towards all of the items covered in our survey.

Sentiment in Saudi
December 13, 2021
Sila Consumer Sentiment Index – Saudi Arabia: November, 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 noted that the KSA is one of the GCC’s more sluggish economies in terms of consumer sentiment, with the index still well below the pre-pandemic summit of 69.9%.

Sentiment in Saudi
November 30, 2021
Sila Consumer Sentiment Index – Kuwait: Oct, 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 […]

Sentiment in Saudi
November 30, 2021
Sila Consumer Sentiment Index – Qatar: Oct, 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 […]

Sentiment in Saudi
November 30, 2021
Sila Consumer Sentiment Index – GCC: Oct, 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 D/A’s managing […]

Sentiment in Saudi
November 30, 2021
Sila Consumer Sentiment Index – Saudi: Oct, 2021

The Sila Saudi Consumer Sentiment Index (CSI) saw a strong recovery in October with gains from economy and business indices. Saudi’s business confidence continues to lag behind other markets across the series, bringing the overall sentiment scores down in comparison. While the business and economy indices have leaped forward, the employment confidence of the country […]

Sentiment in Saudi
November 30, 2021
Sila Consumer Sentiment Index – UAE: Oct, 2021

The UAE’s Sila CSI for October returns to positive growth of 1basis point after the brief decline in September overall of just -0.4 basis points. Economy & employment factors drove the growth in overall sentiment, with feelings towards the business slightly dropping and moving further away from the series high reached in June this year. […]