UAE PMI at second highest since 2019

September Purchasing Managers’ Index (PMI) data from S&P Global showed business conditions improving at a robust pace once again across the UAE’s non-oil economy, as robust growth in new business continued to drive production and employment increases. Firms also faced relatively moderate price pressures, with input costs rising only slightly after falling in the previous two months.

The UAE’s headline PMI – a seasonally adjusted composite index prepared to provide an accurate overview of operating conditions in the non-oil private sector economy – fell for the first time in three months to 56.1 in September, after hitting a three-month high. years which is 56.7 points in August.