Lower sales weigh on UAE non-oil business activity in July-PMI | Reuters
Non-oil business activity in the United Arab Emirates eased in July as new orders slowed from a four-year high the previous month, a survey showed on Thursday.
The seasonally adjusted S&P Global UAE Purchasing Managers' Index slowed to 56.0 in July, from 56.9 in June, but remained firmly above the 50 mark, which signals growth in activity.
The slowdown was attributed in part to an easing of growth in new orders, although demand remained strong, with the sub-index falling to 57.4 in July from 61.0 the previous month, which was the fastest rate of expansion since June 2019.
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