UAE PMI rises as export market demand jumps | GulfNews.com:
"Non-oil business activity in the United Arab Emirates increased in July, underpinned by new orders from abroad, a sign that the UAE economy remains in good health even as other emerging markets wobble, HSBC said on Monday.
The bank’s purchasing managers index, or PMI, inched up to 54.5 in July, from 54.1 in June. A reading above the neutral 50 level indicates the economy is expanding.
HSBC said the July data signalled further rises in output levels and new order intakes at non-oil producing private sector companies in the UAE."
'via Blog this'
No comments:
Post a Comment