Egyptian consumers confidence index drops in April
Egypt's consumer confidence index declined in April on the previous month, data from Cabinet's Information and Decision Support Centre (IDSC) showed Wednesday.
The index slipped 4.4 per cent to 96 points last month, with the IDSC attributing the fall to households perceiving a drop in their income levels.
Egypt’s family-income index dropped in April by 21.1 per cent to reach 39.9 points, due to a fall in the proportion of Egyptians who said their monthly incomes had increased annually.
The economic policy confidence index also shed 0.8 per cent month-on-month in April to reach 77.5 points, due to consumer fears that Egypt’s economic situation is deteriorating.
The portion of Egyptians who think the overall economic situation in Egypt will improve in the 'coming period' has dropped to 54.9 per cent of the population in April versus 56.6 per cent in March.
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