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Intuit Management Consultancy
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Business confidence rises in Dubai
According to the latest survey conducted by the Department of Economic Development (DED),
Business confidence in Dubai rose in the second quarter of 2013. Improvements in the business
environment have pushed the composite Business Confidence Index (BCI) for the second
quarter of this year to 120.7 points in Dubai, a 14.6 points increase over the same period in
2012. The index also rose by 6.7 points between the first two quarters of 2013.
Over 83% of the businesses in Dubai expect an increase or no change in sales volumes during
the third quarter of 2013 while many plan to invest in hiring or technology upgrades. Export firms
and larger enterprises in general are more confident on sales volumes, profitability and prices
compared to small and medium enterprises (SMEs).
The survey shows that 43 per cent businesses expect an improvement in their sales revenue in
Q3 2013 while another 40 per cent see stable outcomes. Businesses in the manufacturing
sector are more optimistic with respect to profits; service firms have indicated higher optimism
for hiring, while trading firms are most optimistic on volumes sold, especially food traders who
expect higher demand in Ramadan.
Optimism among businesses is lending stability to jobs too as 82 per cent of the businesses
expect ‘no change’ in their workforce while another 16 per cent to increase their headcount in
the next quarter, compared to 11 per cent in Q2 2012.

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Business confidence rises in Dubai

  • 1. Intuit Management Consultancy www.intuitconsultancy.com Business confidence rises in Dubai According to the latest survey conducted by the Department of Economic Development (DED), Business confidence in Dubai rose in the second quarter of 2013. Improvements in the business environment have pushed the composite Business Confidence Index (BCI) for the second quarter of this year to 120.7 points in Dubai, a 14.6 points increase over the same period in 2012. The index also rose by 6.7 points between the first two quarters of 2013. Over 83% of the businesses in Dubai expect an increase or no change in sales volumes during the third quarter of 2013 while many plan to invest in hiring or technology upgrades. Export firms and larger enterprises in general are more confident on sales volumes, profitability and prices compared to small and medium enterprises (SMEs). The survey shows that 43 per cent businesses expect an improvement in their sales revenue in Q3 2013 while another 40 per cent see stable outcomes. Businesses in the manufacturing sector are more optimistic with respect to profits; service firms have indicated higher optimism for hiring, while trading firms are most optimistic on volumes sold, especially food traders who expect higher demand in Ramadan. Optimism among businesses is lending stability to jobs too as 82 per cent of the businesses expect ‘no change’ in their workforce while another 16 per cent to increase their headcount in the next quarter, compared to 11 per cent in Q2 2012.