Monday 10 August 2015

Private companies still 'highly upbeat' despite slowdown | GulfNews.com

Private companies still 'highly upbeat' despite slowdown | GulfNews.com:



"The Dubai Economy Tracker data for July showed sustained increase in business activity and private sector output growth supporting five-and-a-half years of continuous expansion.



The tracker data from a monthly survey of business conditions in the Dubai’s non-oil private sector, sponsored by Emirates NBD and produced by Markit, gives an early indication of operating conditions in Dubai.



Although the output growth continued to be positive, growth momentum moderated to its weakest recorded since March 2012 amid softer contributions from all three key sub-sectors monitored by the survey."



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