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UAE PMI climbs to 52.7 as Qatar downturn eases in July: S&P
RIYADH: The UAE’s non-oil private sector strengthened in July, with the Purchasing Managers’ Index rising to 52.7 from 50.8 in June, while Qatar’s PMI improved to 48.5 from 47.6 as it remained below the neutral 50-point threshold. The latest S&P Global Purchasing Managers’ Index survey showed the UAE’s headline reading climbing to its highest level in four months, supported by stronger demand, a five-month high in new business growth, and a return to employment growth.
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arabnews.com
Saudi non-oil business activity remains strong as PMI stands at 53.1 in July
RIYADH: Saudi Arabia’s non-oil private sector maintained solid growth in July, with the Purchasing Managers’ Index standing at 53.1 supported by resilient output and new orders…
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Kuwait PMI rebounds above 50 as Egypt remains in contraction in July: S&P
RIYADH: Kuwait’s non-oil private sector returned to growth in July, with the Purchasing Managers’ Index rising to 50.8 from 46.4, while Egypt’s PMI remained in contraction…
