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Tim Moore

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UAE: PMI's Data Shows Promising Signs of Economic Recovery
June 4th, 2020 - 08:30 GMT

UAE: PMI's Data Shows Promising Signs of Economic Recovery

As the UAE emerges from stringent lockdown measures, the non-oil sector remained firmly in contraction territory in May despite some signs of recovery. Output fell to a much lesser extent than April's unprecedented pace, yet firms were still limited by a weak market environment and lower employment, IHS Markit UAE Purchasing Managers' Index shows. "Greater freedom of travel led to an easing of supply chain pressures, while input costs ticked ...
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