Tuesday, Sep 13, 2011
DUBAI (Zawya Dow Jones)--Dubai announced plans Tuesday for a quarterly consumer confidence index, or CCI, that will help evaluate key drivers of consumer behaviour and provide relevant economic data to businesses.
The CCI reports will give an overview of spending patterns, household incomes, and saving techniques among consumers in Dubai, and will be complimentary to the monthly reports provided by the emirate's own statistics bureau, the Dubai Department of Economic Development, or DED, said in an emailed statement. The first report is slated for publication before the end of December.
"The economy in Dubai has seen significant changes in recent years... and is moving to a new phase of growth. Efficient and up-to-date intelligence on the key influencer of consumer behaviour is essential for the government and businesses to support and sustain economic activity," said Sami Al Qamzi, DED's director general.
The confidence gauge is dubbed by the DED as a step forward towards building confidence among consumers so that they can spend without compromising their financial stability or long-term objectives.
-By Leila Hatoum, Dow Jones Newswires; +971-4-446-1686; leila.hatoum@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
13-09-11 1047GMT
