Rise in UAE consumer spending for third consecutive month

iStock

Latest figures from the Federal Competitiveness and Statistics Authority show a hike of 63 per cent in August compared to March.

Hotels are among the top beneficiaries, with a recorded rise of 29 per cent in the same period.

While spending in restaurants surged by 75 per cent in August.

In the clothing sector, expenditure increased by 78 per cent as shopping malls and outlets started to reopen nationwide.

But spending on food and medications, both online and conventional purchases, slowed to 32 per cent.

More from Business News

On Virgin Radio today

  • Non Stop Hits

    3:00am - 7:00pm

    The UAE's #1 Hit Music Station with no interruptions

  • The Fix With Dany Neville

    7:00pm - 11:00pm

    Officially the UAE's favourite DJ, Dany Neville makes sure you have the soundtrack you need every Saturday night.

Trending on Virgin Radio