Thursday, 7 January 2016

UAE business conditions moving at slowest pace in 40 months | GulfNews.com

UAE business conditions moving at slowest pace in 40 months | GulfNews.com:

"The UAE’s non-oil private sector reported a slower growth in December 2015 with business conditions improving at the slowest rate in 40 months, according to the Emirates NBD UAE Purchasing Managers’ Index (PMI).

Data showed the PMI declined to its lowest level in over four years, with a reading of 53.3 in December 2015. While the PMI was still above the neutral 50 level that separates expansion from contraction, it points to slower growth in the UAE non-oil private sector."



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