Business conditions in Dubai improve; job losses are reducing

SourceZawya
SectorEconomy
CountryUAE Top Picks

The Dubai non-oil private sector saw another modest improvement in business conditions during September, amid efforts to recover from the COVID-19 outbreak and lockdown measures.Activity and new business rose at faster rates than in August, with demand growth reaching a ten-month high. As a result, the decline in employment slowed to a moderate pace, while business expectations improved slightly, according to IHS Markit.David Owen, Economist at IHS Markit, said: "September PMI data finalised a third-quarter period of modest economic recovery in Dubai. The PMI has consistently remained above the 50.0 no-change mark since July, as business activity grew during the easing of COVID-19 restrictions."The survey data indicated stronger increases in both output and new business across the private sector in September. Notably, the rate of sales growth reached the strongest ...read more...