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Increasing consumer confidence against a decreasing per capita
12-6-2017
Lebanon’s consumer confidence index has scored a 2 point increase since the start of Ramadan to stand at 106 points in May, as compared to the same period of last year, according to ARA Research and Consultancy Consumer Confidence Index for May 2017. The general index registered a decline in contrast to its level in May, 2016, (112 points). The current economic conditions index recorded a new and significant rise by 58 points this month, catching up on the last two months losses and recording 142 points. Compared to last year’s level during the same period, this year’s level is significantly higher ( for it stood at 118 points, that is less by 24 points compared to its current level). The economic conditions index outlook is expected to improve by 7 points during May 2017 and to post 75 points, (which is 4 points lower than the level posted during the same period of last year). Regarding per capita income indexes, they have seen a set of declines during this month. In contrast to economic activities witnessed during the month of Ramadan, the purchasing power is not commensurate with everyday life’s demands and needs. And this weakness in the purchasing power notes a slight pessimism in the future. The present per capita income index fell 23 points from the past month and a 41 point decline from past year’s level, hence losing all that it gained in April to stand at 70 points, the lowest level since February 2016. As for the anticipated per capita income one year from now, it has posted a slight decline (3 points), but is still away by 16 points from last year’s May level. )Al Akhbar, June 10, 2017(
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