Wednesday 4 January 2012

UAE business activity at 4-month low

Growth in business activity in the UAE's non-oil private sector slipped to a four-month low in December as output and new order growth eased and employment stagnated, a survey showed.

The HSBC UAE Purchasing Managers' Index, which measures the performance of the Opec member's manufacturing and services sectors, fell to 51.7 points last month from 52.5 in November.

The adjusted index remains above the 50-point mark which separates growth from contraction, the survey of 400 private sector firms showed.

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