Tuesday 19 June 2018
 
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Consumer spending

Kuwait consumer spending softens in May

While seasonal factors weighed on consumer spending in Kuwait during May, conditions remained strong compared to 2017, with the consumer spending index rising 7.5 per cent year-on-year (y/y), said the National Bank of Kuwait (NBK).

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Saudi consumer spending improves in July

Consumer spending in Saudi Arabia improved in July, as POS transactions and ATM withdrawals, both posted their best annual growth rates in about nine months, said Al Rajhi Capital, a top financial services provider in the kingdom.

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Crystal-gazing consumer spending in Saudi Arabia

Consumer patterns in Saudi Arabia suggest that households could it tough to cut spending with the ongoing austerity measures and move to lower priced items, while retailers may resort to discounting to protect market share, a report said.

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US Q2 growth cut; consumer spending up

US economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending. Gross domestic product expanded at a 1.1

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US economic growth slows to 2.2 pc in Q4

US economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits took a hit from a strong dollar, which could undermine future business spending. Gross domestic product expanded at a 2.2 per c

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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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