Kuwait enters a phase of consumer caution; spending drops 4.66% in first nine months - Times Kuwait

Kuwait enters a phase of consumer caution; spending drops 4.66% in first nine months - Times Kuwait

After four years of continuous growth in consumption, Kuwait’s domestic spending has entered a phase of measured slowdown. Data from the Central Bank of Kuwait show that spending by citizens and residents declined by 4.66% during the first nine months of this year, reaching 34.35 billion dinars, compared to 36.03 billion dinars in the same period last year — a drop of 1.68 billion dinars. Spending Channels Show Mixed Trends The decline affected …