Jobs growth in Dubai’s non-oil private sector slows to three-and-a-half year low | The National

Jobs growth in Dubai’s non-oil private sector slows to three-and-a-half year low | The National:

"A measure of Dubai’s non-oil private business growth slowed in September as new hires grew at the slowest pace in three and half years amid cooling economic growth in the aftermath of the biggest drop in oil prices since the financial crash.

The UAE purchasing managers’ index (PMI) fell to 56 last month from 57.6 in August, Emirates NBD said. The Dubai-based bank sponsors the monthly survey of business conditions in the UAE’s non-oil private sector by Markit, a financial information services company.

“The slight slowdown in the pace of expansion in Dubai’s non-oil economy is consistent with the slowdown across the UAE in September,” said Tim Fox, chief economist at Emirates NBD."



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