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  • 09-05-22

    TEDPIX lost 12,900 points on Mon.

    (MENAFN) As stated by latest report the UAE non-oil division has sustained a strong level of active development last month because of improving customer request and a sharp increase in exports.

    Most recent S&P Global study displays a sharp increase in non-oil production at the start of the April-June period of 2022 was a positive indicator as companies continued to benefit from raised new instructions and project work.

    In line with S&P Global study “the expansion in activity was the fastest registered since December last year, with just under a quarter of survey respondents seeing output increase since March. New order growth remained on a strong footing during April, despite softening slightly to a three-month low.”

    The front-page seasonally adjusted S&P Global UAE Buying Chiefs' Index — a complex indicator intended to give a precise outline of functional situations in the non-oil private division economy — dropped marginally to a quarter low of 54.6 in last month, from 54.8 in the preceding month.

    MENAFN09052022000045014228ID1104180972

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