The UAE’s non-oil private sector continues to grow in November



get up Standard & Poor’s Global Index For procurement managers in UAE The seasonally adjusted rate rose to 54.2 in November from 54.1 in October, remaining above 50.0 and pointing to growth, although still slower than earlier this year.

The new orders sub-index rose to its highest level since August, jumping to 58.0 in November from 55.9 in October, the slowest pace of new sales growth since last September.

Business activity expansion remained strong despite the slowing rate Production growth In November to 59.6 points from 61.3 points in the previous month.

However, the seasonally adjusted index remained above its long-term average.

The study’s data also pointed to a sharp rise in overall commercial activity during November. Despite the slowdown compared to the previous month, the pace is picking up Production It was slightly faster than the historical average, with nearly a quarter of companies participating in the study reporting an expansion in activity from the previous month.

For his part, David Owen, senior economist at Standard & Poor’s Global Markets, said: “It has come… PMI In the UAE, this is in line with the strong growth rate in the Non-oil private sector It continued in November Companies “We recorded a significant increase in sales, which stimulated business activity, but also led to an increase in backlogs.”





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