UAE non-oil private sector continues ‘robust growth’, HSBC’s PMI survey shows | The National

UAE non-oil private sector continues ‘robust growth’, HSBC’s PMI survey shows | The National:



"Private-sector business conditions and sentiment in the UAE and Saudi Arabia continue to be largely unaffected by falling oil prices, according to an influential survey.



The UAE’s non-oil private sector continued to record “robust growth” last month, according to data from HSBC’s Purchasing Managers’ Index (PMI) survey, even though the headline index dipped to 56.4 from 56.8 in April.



Saudi Arabia’s headline PMI fell to 57 last month from 58.3 in April, but it indicated “another robust improvement in business conditions”, said Markit Economics, who carried out the survey."



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