Friday 19 December 2014
 
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Consumer spending

US growth on track despite consumer spending fall

US consumer spending fell for the first time in eight months in September, but a rise in consumer sentiment to more than a seven-year high this month indicated economic growth would remain on solid ground. The economic picture als

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Non-oil sector drives Kuwait’s GDP to $175bn

Kuwait’s non-oil sector grew a strong 10.6 per cent in 2013, driving the country’s nominal GDP to KD49.8 billion ($175.4 billion), a growth of 2.3 per cent over the previous year, according to national accounts data. T

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Kuwait consumer spending on the rise

Consumer spending in Kuwait remained relatively robust, and continued to grow more rapidly than the rest of Kuwait’s economy, said a report. However, it has begun to moderate as well. The point-of-sale transactions (POS) in

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Egyptian inflation rises to 10.4pc

Egypt's urban consumer inflation accelerated in October, driven by higher consumer spending on food and transportation, the state Capmas statistics agency reported on Sunday. Capmas said inflation rose to an annual 10.4 percen

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Saudi labour law helps lift consumer spending

Saudi labour reforms to nudge more local people and notably women into jobs once held by expatriates have raised consumer spending and boosted revenue for retailers, Muhammad Al-Agil, chairman of Jarir Marketing Co, said. Jarir, w

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Kuwait consumer spending seen strong in 2012

The consumer spending in Kuwait is set for another strong year in 2012 backed by solid salary increases and an improving employment scenario, according to a report by the National Bank of Kuwait (NBK). The consumer spending growth

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US consumer spending soars to new high

The US consumer spending got off to a fairly firm start in the third quarter, rising by the most in five months and offering hope economic growth could pick up this quarter. Other data on Thursday showed the number of Americans filing n

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Retail boom 'no bonanza for UAE banks'

While the average amount spent per credit card transaction in the UAE is up 15-20 per cent year-on-year in the first quarter of 2012, extracting value from the consumer boom is not easy for retail banks, say experts. 'People are spendi

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Women ‘major influence in retail sector'

In line with global figures that point to women accounting for consumer spending worth $20 trillion, they are becoming a major retail influencer in the region with new demands on products and services, said an expert. Steve Hamilton-Clark,

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US consumer spending rises in March

US consumer spending rose in March as households stretched to cover higher costs for food and petrol, with inflation posting its biggest year-on-year rise in 10 months. Despite the rising cost of living, consumers grew a bit optimistic abo

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