UAE purchasing managers’ index dropped to 57.4 in December | GulfNews.com:
"The UAE’s purchasing managers’ index (PMI) declined to 57.4 in December, from a record high of 58.1 in November. The index, compiled by HSBC Holdings and Markit Economics, is a composite indicator of UAE’s non-oil economy based on data compiled from monthly replies to questionnaires sent to purchasing executives in around 400 private sector companies in the UAE, representing manufacturing, services, construction and retail.
“The HSBC PMI offers clear evidence that the UAE economy not only finished 2013 strongly but is well placed to carry momentum into the new year,” Simon Williams, chief economist at HSBC Middle East, said in an e-mailed statement."
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