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FinancialNews


  • 05-10-17

    UAE private sector witnessed growth in September

    (MENAFN) Total growth in the UAE's non-oil private sector remained spot on and marked the strongest quarter recorded for two years despite easing up a little in September, recent UAE PMI survey said.

    "The latest improvement in business conditions was driven by above-average expansions in both output and new orders. That said, new business from abroad slipped back to contraction, indicating that the recovery was driven by domestic demand. On the price front, output charges fell, whilst input price inflation softened to a four-month low", the survey added.

    Sponsored by Emirates NBD and produced by famous company IHS Markit, the survey contains original data collected from a monthly survey of business conditions in the UAE non-oil private sector.

    MENAFN0510201700450000ID1095921591

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