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UAE non-oil PMI slips to 50.8, weakest growth in over 5 years
RIYADH: The UAE’s non-oil private sector continued to expand in June, despite recording its weakest growth in more than five years, as the S&P Global Purchasing Managers’ Index fell to 50.8. The slowdown, from 52.6 in May. came as geopolitical disruptions, cautious client spending and intense competition weighed on business activity, although resilient domestic demand and continued public investment helped keep the non-oil economy in expansion territory. Employment also declined at its fastest pace since August 2020, according to a statement.
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gulfnews.com
Domestic spending and government investment anchor business confidence in the UAE
UAE non-oil growth slows to a five-year low as softer demand, rising costs and regional tensions hit private sector activity and jobs in June.
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thenationalnews.com
UAE's non-oil business activity grows at slowest pace in five years in June amid fallout of Iran war | The National
Employment in Emirates contracts for first time in four years as conflict dents economic growth
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arabnews.com
UAE non-oil PMI slips to 50.8, weakest growth in over 5 years
RIYADH: The UAE’s non-oil private sector continued to expand in June, despite recording its weakest growth in more than five years, as the S&P Global Purchasing Managers’ Index…