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UAE's non-oil business growth picks up in Sept on strong demand-PMI By Reuters

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UAE's non-oil business growth picks up in Sept on strong demand-PMI

© Reuters. A general view of a resident and business development site in Dubai, United Arab Emirates, June 14, 2023. REUTERS/Abdelhadi Ramahi/File photo

The seasonally adjusted S&P Global UAE Purchasing Managers' Index jumped to 56.7 in September from 55.0 in August, far above the 50.0 mark signalling growth in activity. David Owen, senior economist at S&P Global Market Intelligence said that the upturn in new work was supported by firms winning new clients both domestically and in export markets.

Business confidence for the year ahead improved in September, linked to continued strong demand and new clients, the survey showed.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Use standard writing style.

 

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