Sila Consumer Sentiment Index – Qatar: Nov, 2021

13th December 2021
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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.

It is noteworthy that Qatar, unlike other major GCC economies, was at a relatively modest net positivity of 61.2% ahead of the pandemic in January 2020. While the November 2021 reading is relatively close to the latter value, Qatar is interestingly one of the only GCC economies to have been unable to breach pre-pandemic levels during the series.