UAE’s non-oil private sector growth rebounded in February | GulfNews.com:
"The UAE’s non-oil privates sector showed a rebound in growth last month with output rising at a marginally faster rate, according to the Emirates NBD UAE Purchasing Managers’ Index (PMI)
The February index rose to 53 from a 52.7 in January, signalling growth in the non-oil private sector compared to persistent slowdown in four of the previous five months.
The overall improvement in business conditions was helped by expansions in output, new orders and employment. All three variables rose slightly faster than in January, but the respective indexes remained below long-run trends. Meanwhile, with total cost pressures remaining muted, firms cut charges to the greatest extent since March 2010 as they competed to secure new clients."
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