© Reuters. The Burj Khalifa building peaks through the skyline as the sun sets over Dubai, United Arab Emirates, September 9, 2023. REUTERS/Amr Alfiky/File PhotoDUBAI - Growth in the United Arab Emirates' non-oil business sector eased a little in March, a survey showed on Wednesday, with supply constraints from shipping disruption in the Red Sea contributing to backlogs.
The output sub-index eased to 62.7 last month from February's near five-year high, but growth momentum remained strong, lifted by new business and projects in the pipeline. "The overall picture for the UAE non-oil private sector remained rosy at the end of the first quarter," said David Owen, senior economist at S&P Global Market Intelligence.
The new orders sub-index rose to 61.5 in March, from 60.4 in February, signalling continued strong demand.