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Dubai / Emirates Business
The September data for Emirates NBD Purchasing Managers’ Index (PMI) for the UAE was released on Wednesday. The survey, compiled by IHS Markit, contains original data collected from a monthly survey of business conditions in the UAE non-oil private sector.
Commenting on the UAE PMI survey, Khatija Haque, Head of MENA Research at Emirates NBD, said: “The headline UAE PMI stood at 55.3 in September, the third month in a row with a reading at the 55-handle. This signals a steady expansion in the non-oil private sector in Q3 2018. Year to date, the PMI averaged 55.7, similar to the same period last year. Although output and new work rose sharply in September, supported by growth in export orders, employment remained below the neutral 50-level for the second consecutive month. The majority of firms reported no change in staffing in September but nearly 2% of firms indicated a decline in jobs last month.