Consumer Economy
Latest news, analysis, and updates on Consumer Economy from A47 News.
106 stories in Economy · Updated live
Saudi Arabia's non-oil private sector growth accelerates in June
The Purchasing Managers' Index for Saudi Arabia's non-oil sector rose to 53.3 in June, indicating robust growth. This expansion is driven by increased domestic demand and a surge in new orders, alongside improved investor confidence due to reduced geopolitical tensions. The long-term outlook suggests continued resilience in the non-oil sector, bolstered by domestic spending and potential stabilization in regional markets.
Majority of Russians Express Economic Pessimism for First Time in 20 Years
A recent Gallup poll indicates that over 60% of Russians now express pessimism about their country's economic outlook, marking a significant shift in public sentiment. This decline in confidence is attributed to ongoing challenges related to the war in Ukraine and international sanctions. The long-term implications may include increased pressure on the Russian government to address economic concerns and restore public trust, potentially influencing future policy decisions.
Gold prices in the UAE decline for fourth consecutive week driving increased consumer demand
Gold prices in the UAE have fallen between 4.75 and 8 dirhams per gram, marking a significant decline over the past month. This drop is prompting consumers to purchase gold for both adornment and investment as they perceive current prices as an opportunity. As demand continues to rise, the gold market in the UAE is expected to recover further, driven by consumer confidence and purchasing activity.
China's industrial profits rise 18.8% but show first signs of slowdown
China's industrial profits increased by 18.8% year-over-year for the January-May period, marking a significant economic activity. The slowdown in growth is attributed to weakening domestic demand despite strong export performance. This trend raises concerns about the sustainability of economic growth and may prompt government intervention to stimulate domestic consumption.
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Saudi Arabia's non-oil private sector growth accelerates in June
The Purchasing Managers' Index for Saudi Arabia's non-oil sector rose to 53.3 in June, indicating robust growth. This expansion is driven by increased domestic demand and a surge in new orders, alongside improved investor confidence due to reduced geopolitical tensions. The long-term outlook suggests continued resilience in the non-oil sector, bolstered by domestic spending and potential stabilization in regional markets.
Majority of Russians Express Economic Pessimism for First Time in 20 Years
A recent Gallup poll indicates that over 60% of Russians now express pessimism about their country's economic outlook, marking a significant shift in public sentiment. This decline in confidence is attributed to ongoing challenges related to the war in Ukraine and international sanctions. The long-term implications may include increased pressure on the Russian government to address economic concerns and restore public trust, potentially influencing future policy decisions.
Gold prices in the UAE decline for fourth consecutive week driving increased consumer demand
Gold prices in the UAE have fallen between 4.75 and 8 dirhams per gram, marking a significant decline over the past month. This drop is prompting consumers to purchase gold for both adornment and investment as they perceive current prices as an opportunity. As demand continues to rise, the gold market in the UAE is expected to recover further, driven by consumer confidence and purchasing activity.
China's industrial profits rise 18.8% but show first signs of slowdown
China's industrial profits increased by 18.8% year-over-year for the January-May period, marking a significant economic activity. The slowdown in growth is attributed to weakening domestic demand despite strong export performance. This trend raises concerns about the sustainability of economic growth and may prompt government intervention to stimulate domestic consumption.