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FinancialNews
12-04-22
Due to ease of pandemic measures, Dubai's non-oil economy soars to its maximum points in 33 months
(MENAFN) As pandemic limitations lifted and Expo 2020 spurred strong visitor demand, business activity in Dubai's non-oil private industry economy soared in March to its highest point in 33 months, with new orders growing.
From 54.1 in February, the headline S&P Global Dubai Purchasing Managers' Index rose to 55.5 in March. A number over the neutral 50 threshold implies that the economy is developing, whereas a value below it suggests that it is contracting.
Dubai's index is at its highest point since June of the current year. According to S&P Global, the emirate's non-oil private part grew at a quicker rate than the average over the past 12 years of survey figure.
MENAFN12042022000045014146ID1103998026
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