Dallas, TX -- (SBWIRE) -- 02/01/2013 -- RnRMarketResearch.com adds “” new market research report to its store. Our outlook on Bahrain’s consumer market remains broadly positive, as consumer confidence has been slowly regaining momentum over recent quarters. We expect household spending in Bahrain to hold up well into 2013, following an estimated expansion of 8.0% year-on-year in 2012. The 15% wage increase for all civil servants in 2011 certainly helped in this regard, as has the ongoing rise in total employment in the private sector. Looking at broader economic growth, the Bahraini economy is only slowly regaining its footing, and we are projecting real GDP growth of 3.2% in 2013, compared with an estimated 3.0% in 2012. Elevated government consumption could prove key to supporting activity throughout the non-hydrocarbon economy, as we expect fixed investment to remain relatively anaemic due to the political crisis.
Headline Industry Data (local currency)
- 2013 food consumption growth = +6.6%; compound annual growth rate (CAGR) to 2017 = +7.9%
- 2013 soft drink value sales growth = +5.7%; CAGR to 2017 = +6.8%
- 2013 mass grocery retail sales = +8.2%; CAGR to 2017 = +9.3%
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