Tuesday, 10 October 2023

#Dubai non-oil economy up in September as sales growth touches highest in four years

Dubai non-oil economy up in September as sales growth touches highest in four years



Business activity in Dubai's non-oil private sector economy remained robust in September as sales growth hit the highest in more than four years amid improving demand.

The emirate's seasonally adjusted S&P Global purchasing managers' index reading rose to 56.1 in September, marking its strongest performance in three months, up from 55.0 in August.

It remained well above the neutral 50 mark separating an expansion from a contraction.

The survey, which covers the construction, wholesale and retail, and travel and tourism sectors, showed that the confidence for future activity also rose sharply last month.

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