Sunday 24 January 2021

UAE consumer spending up 65% in June from March

ABU DHABI, August 5, 2020

Consumer spending in the UAE increased by 65% in June 2020 as compared to March, according to statistics released by the Federal Competitiveness and Statistics Authority (FCSA).

Hoteliers were among the top beneficiaries, as spending jumped 15% in June comparatively with April. The number of hotel establishments (hotels & hotel apartments) upped to 1,136 by the end of 2019, reported Emirates News Agency Wam.

According to the statistics, spending in restaurants improved by 47% in June after retreating by 72% in April. In the apparel sector, expenditure rose by 52 in the reference period as shopping malls and outlets started to reopen nationwide. The same applies to food supplies and medications, both online and conventional purchases.

The figures show significant improvement in domestic economy which recovered by 80%, with the next few weeks projected to see spending rates back to normal.


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