Output and new business continued to increase sharply, although firms restricted purchasing activity as input costs picked up at the fastest rate since November 2018
"UAE s non-oil private sector showed further signs of improvement in May, although growth slipped marginally from April s recent high. New orders were largely supported by domestic sales, as latest data signalled a slight decrease in export orders," said David Owen, economist at survey compiler IHS Markit.
UAE non-oil private sector mild growth unchanged in January -PMI
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Last Updated: Feb 03, 2021, 10:13 AM IST
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Synopsis
The seasonally adjusted IHS Markit UAE Purchasing Managers Index (PMI), which covers manufacturing and services, was at 51.2 in January, steady from December when it rose above the 50.0 mark that separates growth from contraction for the first time since September.
AFP
While survey respondents saw future output rising in the next year, the degree of optimism was subdued and one of the weakest seen in the series history.
DUBAI: Mild growth in the United Arab Emirates non-oil private sector was unchanged in January as business activity grew solidly and employment increased for the first time in over a year, although sales growth weakened, a survey showed on Wednesday.