Dubai Islamic Economy Development Centre (DIEDC), has announced the results of the State of the Global Islamic Economy Report (SGIE) 2019/20.
The Consumer Price Index (CPI) in the emirate of Abu Dhabi has declined by 2.1% from 111.6 points in February 2019 to 109.3 points in February 2020, according to Statistics Centre – Abu Dhabi (SCAD), recent report.
In light of the unprecedented challenges facing the current economic situation, and the need to keep decision-makers and consumers alike informed on goods prices in the emirate, the Statistics Centre – Abu Dhabi (SCAD) released the results of the ‘Weekly Goods Price Report’ for the first week of April 2020, where it oversaw and quantified changes in the economy by monitoring the prices of 332 consumer goods, categorised in ten spending groups.
Japan’s annual core consumer inflation ticked up only marginally in October despite the boost from a sales tax hike during the month, suggesting weak household sentiment is keeping companies from passing on the higher costs.
US economic growth picked up slightly in the third quarter, rather than slowing as initially reported, and there are signs the downturn in business investment could be drawing to a close.
China’s consumer inflation climbed to nearly eight-year peak in November, but factory-gate prices remained in the red, adding to uncertainty over whether the manufacturing sector is bottoming out as trade risks persist.
Consumer spending in India has slumped for the first time in four decades, a leading business daily reported on Friday, bringing more bad news for Prime Minister Narendra Modi as he struggles to revive a stuttering economy.
As demand disruption and supply chain issues will severely impact revenue growth in the consumer businesses, it is likely to create investment opportunities for private equity (PE) firms, according to a Crisil report.
Confidence among British consumers and businesses rose to the highest level in five months in the run-up to Prime Minister Boris Johnson’s emphatic election victory last week, surveys showed on Friday.