mastercardMasterCard has revealed the results of the latest MasterCard IndexTM of Consumer Confidence, which indicates that consumer sentiment in Qatar is very high at 96.4.

Consumers in Qatar are ‘extremely optimistic’ about all five indicators measured in the Index. When compared to the previous edition of the survey released six months ago, consumers are more optimistic about Employment (99.4 vs. 98.1), Economy (98.0 vs. 97.0) and Quality of Life (97.2 vs. 96.2). Consumers also remain very optimistic about Regular Income (95.7 vs. 99.3) and Stock Market (91.7 vs. 92.0), despite a slight decrease in score when compared to the previous edition of the Index.

The latest findings indicate that male respondents are more optimistic than female respondents about the coming months (97.6 vs. 95.2), and that consumers over the age of 30 years (96.5) are slightly more optimistic than younger respondents (96.2).

Across the Middle East, the consumer confidence level remains very optimistic with positive scores for all five indicators, despite slight declines when compared to the previous edition of the Index released six months ago. Consumers are most optimistic about Regular Income (81.2 vs. 85.1), Employment (79.9 vs. 80.8), Economy (79.3 vs. 80.0), Quality of Life (76.7 vs. 79.9) and Stock Market (75.2 vs. 79.9). The Middle East’s aggregate score of 78.5 remains higher than that of Asia/Pacific (63.3) and Africa (78.1), as was the case in the previous survey.

In the Middle East, Kuwait (96.8) overtakes Qatar (96.4) as the market with the highest level of consumer confidence, followed by the UAE (94.7), Saudi Arabia (93.3), Oman (87.1), Egypt (54.1) and Lebanon (26.9).

The MasterCard Index of Consumer Confidence (“Index”) is based on a survey conducted between April 2013 and May 2013 on 12,205 respondents aged 18 – 64 in 27 countries within Asia/Pacific, Middle East and Africa. This is the 41st survey of Consumer Confidence conducted since 1993.

Middle East Consumer Confidence Results:

MARKETS

2H 2013

1H 2013

2H 2012

1H 2012

2H 2011

1H 2011

2H 2010

1H 2010

Egypt

54.1

66.6

90.7

88.3

75.4

47.7

45.5

59.5

Kuwait

96.8

95.8

84.7

88.3

90.6

80.4

96.9

70.9

Lebanon

26.9

26.8

44.3

70.5

24.1

54.3

44.6

55.4

Oman

87.1

95.6

91.5

93.6

98.8

Qatar

96.4

96.5

96.6

93.6

99.7

83.6

65.8

89.2

Saudi Arabia

93.3

95.2

90.9

83.9

98.4

95.1

85.0

83.2

U.A.E.

94.7

91.4

86.0

82.1

92.9

73.6

82.4

86.1

Total Middle East

78.5

81.1

83.5

85.7

82.8

72.4

70.1

74.1

Source: MasterCard Index of Consumer Confidence