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Friday, 4 November 2016

Business activity in the UAE slows in October as new jobs growth stalls | The National

Business activity in the UAE slows in October as new jobs growth stalls | The National:

"Economic optimism slowed for a third month running in October as levels of new employment in the country stagnated.

According to the UAE purchasing managers’ index (PMI), a measure of business activity in the non-oil private sector, economic sentiment slipped to its lowest level for six months last month as the amount of new work slowed.

The Emirates NBD-sponsored index, which covers manufacturing and services, slipped to 53.3, down from 54.1 in September."



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