UAE business conditions continue to strengthen: Report

123RF

Business conditions in the UAE’s non-oil private sector sharply improved in the second quarter of this year.

That’s according to the latest Emirates NBD Purchasing Managers Index (PMI), which shows the growth was driven by a rise in output and new orders.

However, price discounts have continued and there was hardly any growth in jobs as firms remain focused on keeping costs down.

The seasonally adjusted PMI, which gives an overview of operating conditions in the non-oil private sector economy, reached 57.7 in June.

Khatija Haque, Head of MENA Research at Emirates NBD, explains.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda with Tom Urquhart

    10:00am - 1:00pm

    Your chance to have your say and debate the issues you love or loathe. It’s the chance to set The Agenda on the big topics of the day.

On Dubai Eye