UAE’s non-oil business growth slows in August but confidence high-PMI ...Middle East

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A general view of a construction site of a new development in Dubai, United Arab Emirates, June 13, 2023. REUTERS/Abdelhadi Ramahi/File Photo Acquire Licensing Rights DUBAI, Sept 5 (Reuters) – Growth in non-oil business activity in the United Arab Emirates eased in August to the slowest pace in six months, but business confidence rose to its highest since before the pandemic, a survey showed on Tuesday. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index slowed to a reading of 55.0 in August from 56.0 in July. That was its lowest level since February, although it remained well above the 50.0 mark indicating growth in activity. The output subindex indicated continued s

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UAE’s non-oil business growth slows in August but confidence high-PMI ...Middle East

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