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UAE: Non-Oil Sector Continues Bleeding in April Due to Lockdown
May 6th, 2020 - 12:00 GMT

UAE: Non-Oil Sector Continues Bleeding in April Due to Lockdown

The UAE non-oil private sector suffered an even sharper downturn in April as lockdown measures in place throughout the month led to steep falls in activity, purchases, employment, and export sales, latest Purchasing Managers’ Index showed. Providing an overview of operating conditions in the non-oil private sector economy, IHS Markit UAE PMI report said the outlook for future activity reached the worst since August 2017. Input costs declined as companies ...
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