Business activity in the UAE’s non-oil private sector economy maintained its robust growth momentum in January as new orders improved, with sales hitting a two-year high amid better market conditions.
The seasonally adjusted S&P Global UAE Purchasing Managers' Index climbed to 54.9 in January, the highest level in 11 months, from 54.2 in December. A reading above 50 indicates economic expansion.
The jump showed a “sharp improvement” in the health of the non-oil private sector in the Arab world’s second-largest economy, with new business marking a sharp increase last month.
Continue Reading on The National UAE
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.