
Consumer Confidence Edges Higher While Retail Sales Growth Slows in April 2025
Consumer Confidence Index rose slightly to 121.7 in April 2025, driven by improvements in the Economic Condition Index despite a decline in consumer expectations. Income allocation shifted with decreased spending and debt repayment, while savings increased, reflecting normalization after the Eid al-Fitr holiday allowance. This change in consumer behavior contributed to a slowdown in retail sales growth, which contraction to 2.2% YoY, although monthly sales still showed moderate growth. Key sectors supporting sales included spare parts, accessories, and fuel, while communication and information equipment experienced significant declines.