{"id":622179,"date":"2018-11-28T04:20:04","date_gmt":"2018-11-28T04:20:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/egypts-consumers-are-adjusting-to-a-new-status-quo-two-years-after-devaluation\/"},"modified":"2018-11-28T04:20:04","modified_gmt":"2018-11-28T04:20:04","slug":"egypts-consumers-are-adjusting-to-a-new-status-quo-two-years-after-devaluation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/egypts-consumers-are-adjusting-to-a-new-status-quo-two-years-after-devaluation\/","title":{"rendered":"Egypt\u2019s consumers are adjusting to a new status-quo two years after devaluation"},"content":{"rendered":"

Consumer confidence in Egypt fell by three <\/strong>points q-o-q to a reading of 80 <\/strong>on Nielsen\u2019s Global Consumer Confidence Index<\/strong><\/a> for 2Q2018<\/strong>. Egypt and South Africa are the only two countries in the Middle East and Africa to see their consumer confidence readings decline, according to the index, which measures economic optimism.<\/p>\n

But, when compared to Egypt\u2019s reading post-EGP float, consumer confidence has largely stabilized<\/strong> on the back of slower inflation and adjusted spending habits, said the Arabian Marketer<\/a>. The current level of confidence is an increase of 16 basis points since 1Q2016 as the dust from the float settles. Demand still exists, but it\u2019s the patterns that have changed: Consumers are now increasingly adopting a \u201czero-waste\u201d mindset.<\/p>\n

Shoppers in Egypt have been gradually shifting away from the discounter segment and towards brand loyalty<\/strong>. Rather than always going for the cheaper options, they look to limit waste through restocking pantries at more frequent intervals, and waiting for longer intervals before larger grocery trips. Monthly supermarket visits are down to an average of three this year (from a previous four), and hypermarket visits to one (from two). Consumers are also increasingly paying for goods in installments.<\/p>\n","protected":false},"excerpt":{"rendered":"

Consumer confidence in Egypt fell by three points q-o-q to a reading of 80 on Nielsen\u2019s Global Consumer Confidence Index for 2Q2018. Egypt and South Africa are the only two countries in the Middle East and Africa to see their consumer confidence readings decline, according to the index, which measures economic optimism. But, when compared […]<\/p>\n","protected":false},"author":1,"featured_media":622180,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9003],"tags":[9173,72,1546,8360,2397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-reading","tag-economics","tag-enterpriseam","tag-lifestyle","tag-psychology","tag-worth-reading","wpautop","entry"],"acf":{"mongo_id":"0c3b3028-3c7a-4e1a-9820-8d5a91d2418f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/11\/2204.jpg","photo_position":"above","related_issue":[622153],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s consumers are adjusting to a new status-quo two years after devaluation - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/egypts-consumers-are-adjusting-to-a-new-status-quo-two-years-after-devaluation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s consumers are adjusting to a new status-quo two years after devaluation\" \/>\n<meta property=\"og:description\" content=\"Consumer confidence in Egypt fell by three points q-o-q to a reading of 80 on Nielsen\u2019s Global Consumer Confidence Index for 2Q2018. 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Some 88% of consumers surveyed said they had high confidence in e-payments, with those who\u2026","rel":"","context":"In "Fintech"","block_context":{"text":"Fintech","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/fintech\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/295.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596787,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/its-been-hailed-as-a-great-african-success-story-but-does-jumia-represent-a-new-kind-of-colonialism\/","url_meta":{"origin":622179,"position":1},"title":"It\u2019s been hailed as a great African success story, but does Jumia represent a new kind of colonialism?","author":"enterpriseam admin","date":"8 July 2019","format":false,"excerpt":"It\u2019s been hailed as a great African success story, but does Jumia represent a new kind of colonialism? The Nigeria-based online retailer \u2014 which had raised around USD 770 mn from investors by the time it filed for an IPO on the NYSE in March this year \u2014 operates in\u2026","rel":"","context":"In "Worth reading"","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/749.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573181,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/22\/details-of-egypts-consumer-spending-initiative-could-emerge-within-a-week\/","url_meta":{"origin":622179,"position":2},"title":"Details of Egypt\u2019s consumer-spending initiative could emerge within a week","author":"enterpriseam admin","date":"22 July 2020","format":false,"excerpt":"We could be hear the details of the government\u2019s consumer-spending initiative within a week, if local press reports citing government officials are anything to go by. According to the officials, the initiative \u2014 which is designed to stimulate EGP 100 bn-worth of consumer spending over three months, starting from the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650376,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/22\/egypts-non-oil-sector-may-be-the-most-resilient-regionally-against-oil-market-fluctuations\/","url_meta":{"origin":622179,"position":3},"title":"Egypt\u2019s non-oil sector may be the most resilient regionally against oil market fluctuations","author":"enterpriseam admin","date":"22 March 2017","format":false,"excerpt":"In a region heavily dependent on fluctuations in the oil market, Egypt\u2019s non-oil sector may be the quickest to bounce back, according to Emirates NBD\u2019s chief economist and head of research Tim Fox, who ran a comparison of the PMI and inflation rates between Egypt, Saudi Arabia and the UAE.\u2026","rel":"","context":"In "Worth reading"","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595277,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/22\/no-confidence-is-not-always-king\/","url_meta":{"origin":622179,"position":4},"title":"No, confidence is not always king","author":"enterpriseam admin","date":"22 September 2019","format":false,"excerpt":"No, confidence is not always king: The mistaken belief that confidence always equals great leadership often results in arrogant men taking top roles they are not well suited to, business psychology professor Tomas Chamorro-Premuzic argues in his book Why Do So Many Incompetent Men Become Leaders? Modern workplace culture tends\u2026","rel":"","context":"In "Worth reading"","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/2837.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651148,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/06\/pmi-reading-points-to-another-month-of-worsening-business-conditions\/","url_meta":{"origin":622179,"position":5},"title":"PMI reading points to another month of worsening business conditions","author":"enterpriseam admin","date":"6 February 2017","format":false,"excerpt":"Waiting for Godot: There is little evidence an economic recovery is underway, according to the Emirates NBD Egypt\u2019s PMI reading, which registered 43.3 in January. \u201cEgypt\u2019s non-oil private sector began 2017 in the same way that it ended 2016, with economic conditions worsening again. Underpinning the downturn were ongoing reductions\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=622179"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622179\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/622153"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/622180"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=622179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=622179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=622179"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=622179"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=622179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}