Consumer Confidence at Its Highest Level in More Than a Decade

ARA Research & Consultancy released its monthly Consumer Confidence Index for Kuwait for November 2025, sponsored by Lexus.

The ARA Consumer Confidence Index in Kuwait recorded its highest level since February 2013, reaching 124 points, increasing by 10 points within a month. This increase was driven by the rise across all six indexes that compose the General Index, particularly the Current Personal Income Index and the Expected Personal Income Index, both of which recorded their highest levels in more than ten years. ARA analysts note that since its establishment in 2007, the General Index has rarely surpassed the 120 point threshold.

In detail, the index increased among males in November by 15 points, while it remained unchanged among females. It also increased among both, citizens by 8 points and Arab residents by 11 points.

Personal Income Confidence Indexes Record Historic Levels

The Current Personal Income Index increased to 119 points, its highest level since February 2014, increasing by 7 points compared to October. This increase was mainly driven by a 12 point increase among Arab residents, compared to a 1point increase among citizens. The index also increased by 11 points among males, while it remained unchanged among females.

In parallel, the Expected Personal Income Index recorded 115 points, adding 4 points to its monthly score and reaching its highest level since February 2012. This increase was driven by balanced improvements in confidence among both citizens and Arab residents. Confidence increased significantly among males by 8 points, while it decreased by 4 points among females.

The record levels of these two indexes largely reflect several positive factors, including Standard & Poor’s expectation, that inflation in Kuwait will remain stable at an annual rate of 2.4 percent through 2028, while global inflation levels exceed 4 percent. Additional contributing factors include:

• Growth in economic activity and the implementation of development and modernization programs, with business transfers directed towards productive sectors reaching 12.49 billion dinars
• Positive performance of the Kuwait Stock Exchange
• Stability of the Kuwaiti dinar exchange rate

Increase in the Current and Expected Economic Situation Indexes

The Current Economic Situation Index recorded 114 points, increasing by 8 points in November. This is one of the few times the index has surpassed the 110 point level, having done so only three times since 2011. The increase in confidence in the current economic situation was particularly notable among Arab residents, where it increased by 11 points, bringing it closer to the level recorded among citizens, while it declined by 2 points among females.

Similarly, the Expected Economic Situation Index increased to 124 points at the end of November, adding 6 points within a month and continuing its upward trend. Confidence increased at similar rates among citizens and Arab residents, while it declined by 5 points among females and increased by 9 points among males.

ARA analysts point out that the level reached by the Expected Economic Situation Index among Arab residents is the highest in more than 15 years, possibly due to their awareness of economic conditions in their home countries and their ability to make comparisons more quickly, which affects confidence levels.

Data from the Real Estate Registration and Documentation Department show an increase in real estate market liquidity in October compared to September, with transaction values reaching approximately 404.7 million Kuwaiti dinars. This represents an increase of 16.5 percent within a month and 22.2 percent on a yearly basis compared to October 2024.

These results were achieved despite a decline in Gross Domestic Product during the second quarter of the year by 7.8 percent compared to the second quarter of 2024, due to lower oil prices.

Sharp Increase in the Employment Opportunities Index

The Employment Opportunities Index recorded 184 points in November, increasing by 53 points within a month to reach its highest level since March 2018. Despite fluctuations across a wide range,  the level achieved in November reflects confidence across different groups in increased labor demand. The index increased among citizens by 39 points, Arab residents by 80 points, males by 69 points, and females by 25 points.

New projects, particularly those under the “Real Estate Developer” initiative, have a direct impact on a wide range of productive sectors and contribute to increased employment opportunities across various segments.

Purchase Index Increases Among Citizens

The Purchase of Durables Good Index increased to 125 points, adding 5 points within a month and surpassing the 120 point threshold, which it exceeds during certain seasons. The index increased by 18 points among Kuwaitis, while it declined by 5 points among Arab residents. It also recorded a similar increase among both males and males, of  approximately 5 points.

Lexus today globally premiered the Lexus LFA Concept

an all-electric (BEV) sports car concept that serves as a powerful testament to preserving and evolving the art of high-performance car manufacturing in the age of electrification.

The Lexus LFA Concept shared a core philosophy centered on three key elements: a low center of gravity, low weight with high rigidity, and advanced aerodynamic performance.

Lexus is accelerating its transformation into an electric brand, with a clear roadmap to offer a full lineup of BEVs across all segments. The LFA Concept demonstrates the brand’s commitment to ensuring that electrification enhances the ultimate joy of driving.

The LFA model name signifies a vehicle that encapsulates the technologies and knowledge engineers must preserve and pass on. The LFA Concept BEV fully utilizes the flexible packaging unique to an electric architecture to achieve a new aesthetic.

It inherits the sensual sculptural beauty of the original Lexus LFA while presenting a refined, classically coupe silhouette. This balanced styling and high-level performance aim to define a new, timeless ideal for the sports car category.

Lexus is striving, in a unified, one-team effort, to deliver a BEV sports car that  exceeds customer expectations for driving performance and styling excellence.

Lexus will continue to challenge the future of car-making by fusing ever-more refined electrification technologies with inherited, irreplaceable expertise.