The headline seasonally adjusted HSBC United Arab Emirates PMI™ surged in April to 57.5, from March’s 54.7. The latest figure signals another robust gain in the health of the non-oil private sector.
The PMI has now registered above the 50.0 no-change threshold for over year-and-a-half. Supporting the rise in the headline index were faster increases in new orders and employment growing at the sharpest rate for 16 months.
A reading above the neutral 50 level indicates the economy is expanding.
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