Sila UAE Consumer Sentiment - October 2021

The UAE’s Sila CSI for October returns to positive growth of 1basis point after the brief decline in September overall of just -0.4 basis points. Economy & employment factors drove the growth in overall sentiment, with feelings towards the business slightly dropping and moving further away from the series high reached in June this year. As Sila's managing partner, Paul Kelly states “With employment growth remaining strong and consistent, the slower-pace increases in sentiment across business and final roll-out to the economy, are expected to follow”