image description
image description
Tell A Friend

FinancialNews


  • 06-12-18

    UAE achieves minor surge in non-oil sector

    (MENAFN) The UAE was able to achieve a minor boost in its non-oil sector last month and witnessing hikes in production and new orders.

    Emirates NBD showed a surge in the Emirates NBD UAE Purchasing Managers' Index to reach 55.8 last month, compared to the 55 registered in the previous month.

    The lender further found a minor decline in the average PMI year-to-date, as it stood at 55.7 from the 55.9 seen a year ago.

    According to the lender, "central to the improvement in business conditions were sharp and accelerated rises in both output and new orders. Panellists linked increased output to higher new orders, alongside marketing and promotional activity."

    It added "new business increased to the greatest extent since June, with new export order growth quickening to a four-month high. A number of panellists reported higher new orders from customers in other GCC countries."

    MENAFN0612201800450000ID1097793922

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved