Dubai: Non-Oil Private Sector Registers Slowest Output Growth in October

Dubai: Non-Oil Private Sector Registers Slowest Output Growth in October

 

The non-oil private sector in Dubai registered the slowest output growth in five months, according to the October PMI (Purchasing Managers' Index) survey released on Monday.

 

Firms saw only a marginal rise in new work opportunities, while job shedding quickened from September, but remained softer than in the prior six months. Most notably, the degree of positive sentiment regarding the year-ahead outlook for activity fell to its lowest since this index began in April 2012.

The headline IHS Markit Dubai PMI is derived from individual diffusion indices which measure changes in output, new orders, employment, suppliers' delivery times and stocks of purchased goods. The survey covers the Dubai non-oil private sector economy, with additional sector data published for travel & tourism, wholesale & retail and construction.

At 49.9 in October, the seasonally adjusted