Growth in the United Arab Emirates non-oil private sector slowed to a four-month low in July, partly because of some weakness in demand, a survey of companies showed on Monday.
The seasonally adjusted IHS Markit UAE Purchasing Managers' Index (PMI), which covers manufacturing and services, fell to 55.1 in July, down from 57.7 a month earlier.
The non-oil sector remained firmly in growth territory -- figures above 50 indicate expansion and below that, contraction -- but the reading was the lowest since February.
The seasonally adjusted IHS Markit UAE Purchasing Managers' Index (PMI), which covers manufacturing and services, fell to 55.1 in July, down from 57.7 a month earlier.
The non-oil sector remained firmly in growth territory -- figures above 50 indicate expansion and below that, contraction -- but the reading was the lowest since February.
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