#Dubai's non-oil private sector economy expands in March | ZAWYA MENA Edition

Dubai's non-oil private sector economy expands in March | ZAWYA MENA Edition:

Dubai's non-oil private sector economy expanded at a faster rate in March, with total business output increasing at the fastest rate since January 2015, according to Emirates NBD.

Moreover, two of the three key monitored sectors, the tourism and retail industries posted record upticks in activity and wholesale and retail - posted series record increases in activity.

The seasonally adjusted Emirates NBD Dubai Economy Tracker Index -- a composite indicator developed with IHS Markit and designed to give an accurate overview of operating conditions in the non-oil private sector economy - rose to 57.6 in March, the highest since May 2018, from 55.8 in February.