Saudi retail confidence

With strong consumer confidence and a sound economic outlook for the immediate future, Saudi Arabia’s retail sector appears set for a good year of trading. A series of surveys in recent months have shown that consumer sentiment in Saudi Arabia has remained strong and is in deed improving. In May market research from Nielsen reported that the consumer confidence index in the Kingdom had increased by six points during the first quarter of 2012 to reach 119. The makes Saudi Arabia the second-most-optimistic market behind India.