19 Hrs
Source:
البلاد
UAE non-oil growth hits fastest pace since 2024
Reports indicate that the non-oil economic growth in the UAE recorded its fastest pace since December 2024 during August, supported by increases in production and new business. The Purchasing Managers' Index (PMI) rose to 55.3 points, reflecting companies' ability to adapt to market conditions, with production cost inflation declining to its lowest level in six months. Additionally, companies expressed strong optimism about the coming year, amid rising new orders and improved supplier performance, signaling a recovery of the non-oil sector from previous challenges.
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