Dubai economy tracker slips in February but remains positive - The National

Dubai economy tracker slips in February but remains positive - The National:

"A key gauge of Dubai's non-oil private sector activity eased slightly in February but continued to suggest that the emirate's economic fortunes are on an upward trajectory, showing improving conditions for the 24th consecutive month. Emirates NBD’s monthly Dubai Economy Tracker survey slipped slightly to 55.8 in February from 56 in January, as a drop in construction outweighed gains in the wholesale and retail sector as well as travel and tourism. A reading above 50 in the purchasing managers’ index (PMI) suggests the non-oil economy is growing, while a reading below 50 suggests a contraction. "The PMI survey data for February continued to show solid growth in Dubai's economy, with the travel and tourism sector performing particularly well after a relatively soft Q4 2017," said Khatija Haque, head of Middle East and North Africa Research at Emirates NBD."



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