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ADAA: KSA Ranks First Globally in the “Consumer Confidence in the Trends of the Local Economy” index

Riyadh The Kingdom of Saudi Arabia has topped the "Consumer Confidence in Local Economy Trends" index compared to the 23 countries included in the report, according to the Global Consumer Confidence Index: May 2021 issued by Ipsos, which includes consumers’ feedback on the current and future status of the local economy, and their assessment of their personal financial conditions and investment.

Sectors varying from commerce, industry, retail, banks as well as governments, in general, depend on studying the changes in this indicator while making economic and investment decisions, including the Kingdom’s National Center for Measuring the Performance of Public Institutions (ADAA), which tracks the Kingdom’s performance in it.

The Kingdom also ranked second globally among 23 countries in the general index of "consumer confidence" for the same month, in addition to achieving second place in the results of the "personal financial capabilities" index, and second place in the "investment confidence" index.

ADAA explained that the "Global Consumer Confidence Index" depends in its assessment on four main axes: consumer confidence in "personal financial capabilities, local economic trends, investment climate, and general job security."

ADAA is tasked with monitoring and following up on those indicators that highlight the Kingdom’s progress at the world level, and enable decision-makers to develop performance and global competitiveness, through international performance platforms, which enable public agencies to follow up on the Kingdom’s performance as opposed to the performance of more than 217 countries in more than 700 global measurement indicators.

Source: Saudi Press Agency