UAE’s non-oil private sector output surges to 8-month high | GulfNews.com:
"The UAE’s non-oil private sector output surged to an eight-month high last month, according to the Emirates NBD Purchasing Managers’ Index (PMI).
The May PMI rose to 54 from 52.8 in April, the second highest reading so far this year. “The main driver behind the improvement in business conditions last month was a strong growth in output, with this subindex rising to 59.9 — the highest reading since September 2015,” said Khatija Haque, Head of MENA Research at Emirates NBD.
Private sector activity increased at the fastest pace in eight months during May, helped by a pickup in new business growth. However, data pointed to areas of underlying fragility, as both employment and input buying rose only slightly. The expansion of the latter was the least marked since September 2011. Cost pressures intensified but remained historically subdued, while output prices fell for the seventh month running."
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