Dubai non-oil sector growth hits 5-month low | ZAWYA MENA Edition:
Growth in Dubai’s non-oil private sector ended the third quarter on a weaker footing, with the latest expansion being the slowest since April, according to the latest Emirates NBD Dubai Economy Tracker.
A contraction in employment and softer output growth contributed to the slight loss of impetus. Nonetheless, September’s overall improvement in business conditions remained solid overall.
The seasonally adjusted Emirates NBD Dubai Economy Tracker Index – a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy – fell to 54.4 in September, down from 55.2 in August. Scoring above the 50.0 no-change mark, the latest figure signalled a solid overall expansion, albeit one that was below the historical average.
No comments:
Post a Comment