March data signals a further increase in output and new orders in the UAE's non-oil producing private sector but the rates of expansion eased slightly from February. Meanwhile, output charges fell for the first time in four months and purchasing activity continued to increase.
March data signals a further increase in output and new orders in the UAE's non-oil producing private sector but the rates of expansion eased slightly from February. Meanwhile, output charges fell for the first time in four months and purchasing activity continued to increase.
The headline seasonally adjusted HSBC United Arab Emirates PMI™ (Purchasing Managers Index) - a composite indicator designed to provide a single-figure snapshot of the performance of the non-oil private sector - posted 54.3 in March, down slightly from 55.4 in February, and pointed to a further solid improvement of operating conditions in the UAE. While March data marked the forty-third successive improvement, the latest reading was the lowest in four survey periods.
Read more: http://www.cpifinancial.net/news/post/19706/growth-in-uaes-non-oil-producing-sector-slows-says-hsbc-uae
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