Dubai's non-oil economy improves in April as new business continues to rise sharply
Business activity in Dubai's non-oil private sector economy continued to improve in April as output grew at the second-fastest rate since mid-2019 and new business rose sharply.
The headline S&P Global Dubai Purchasing Managers' Index slipped to 54.7 in April from 55.5 in March, remaining above the neutral 50 no-change mark for the 17th consecutive month.
Despite falling for the first time since January, the index signalled a strong improvement in business conditions in the non-oil private sector, S&P Global said.
A reading above the neutral 50 level indicates economic expansion, while one below points to a contraction.
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