Middle East Economic Survey

VOL. LIII

No 24

14-Jun-2010

KUWAIT

NBK Says Kuwait Consumer Spending On The Rise

Kuwaiti consumer spending and consumer confidence have shown strong signs of recovery following a slump that accompanied the global financial crisis, the National Bank of Kuwait (NBK) said in a report on 12 June. After weakening for a year starting in mid-2008, before reaching a low of 4.8% in 2Q09, year-on-year growth of credit and debit card point-of-sale spending an indicator of...