The UAE’s purchasing managers’ index (PMI), a composite indicator of the performance of the non-oil private sector recorded a level of 53.8 in September, up from August’s 53.3.
The index, compiled by HSBC Holdings and Markit Economics signalled a solid improvement in operating conditions during the latest survey period reflecting optimistic sentiment, output was up moderately, despite robust expansions in new orders.
The headline seasonally adjusted HSBC United Arab Emirates PMI – a composite indicator designed to provide a single-figure snapshot of the performance of the non-oil private sector production levels expanded during September.
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