S&P: UAE private sector sees strong price rises
The non-oil private sector in the UAE showed significant improvement in September, with the Purchasing Managers’ Index (PMI) reaching 55.3 points, its highest level in 20 months. This reflects the fastest growth in demand, production, and selling prices since 2011. The increase in both domestic and external demand, coupled with rising costs of essential inputs and raw materials, has strengthened companies’ ability to raise prices, leading to the most intense inflation since May 2011. Additionally, the sector experienced a modest rise in business activity and employment, as work backlog increased and supply chains improved, continuing the sector’s growth and marking its best performance in years.
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