UAE non-oil growth slows to five-month low, says Emirates NBD - The National

UAE non-oil growth slows to five-month low, says Emirates NBD - The National:

"The UAE’s non-oil private sector economy slowed in February, with business conditions improving at their weakest rate in five months, impacted by slower output growth and softer job creation, according to the latest survey by Emirates NBD. The bank's seasonally adjusted purchasing managers’ index – a composite indicator designed to give an overview of operating conditions in the non-oil private sector economy – eased to 55.1 during February, from 56.8 in January, the lowest rate since last September. A reading above 50 suggests the non-oil economy is growing, while a reading below 50 suggests a contraction."



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