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IHS Markit UAE Purchasing Managers' Index

IHS Markit UAE Purchasing Managers' Index latest

UUAE: Non Oil Private Sector Records Its Slowest Growth Rate in December
January 6th, 2020 - 07:29 GMT

UAE: Non Oil Private Sector Records Its Slowest Growth Rate in December

The UAE's non oil private sector recorded its slowest growth rate in December, according to a recent business survey. The seasonally adjusted IHS Markit UAE Purchasing Managers' Index (PMI), which covers manufacturing and services, slowed to 50.2 from 50.3 the previous month. It was the weakest growth rate since the survey began in August 2009. The expectations remained elevated though, as firms held on to hopes that increased investment and ...
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