The UAE's non-oil private-sector grew at the fastest pace for 11 months in November, as robust market conditions boosted new business volumes and increased sales.
The seasonally adjusted S&P Global UAE Purchasing Managers' Index reached a nine-month high of 54.8 in November, up from 53.8 in October and above its long-run average of 54.3. It remained well above the 50-mark that separates growth from contraction.
"The UAE non-oil private sector has delivered a robust performance in the fourth quarter so far, with November's PMI indicating the strongest improvement in business conditions in nine months," said David Owen, senior economist at S&P Global Market
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