Saturday 5 September 2015

UAE PMI climbs to highest in six months | The National

UAE PMI climbs to highest in six months | The National:



"New economic data suggests the weakening oil price is yet to take its toll on many businesses throughout the UAE – but that could change as the impact trickles down through the economy.



The UAE’s non-oil purchasing manager’s index rose to its highest level in six months in August as Ramadan’s end pushed up monthly figures.



The index, which aggregates managers’ views about the state of their businesses, rose to 57.1, up from 55.8 the previous month. Any score above 50 indicates that the economy is expanding."



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