UAE business activity dropped for a second consecutive month in the latest sign that the positive effects from unrest in the Middle East may be waning.
The rate of increase in output levels rose at its slowest pace last month since September, according to HSBC's purchasing managers' index (PMI).
"The headline number has softened for a second consecutive month, suggesting that the lift the UAE received from unrest elsewhere may be fading," said Simon Williams, the chief economist for the Middle East and North Africa at HSBC.
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