Dubai sees modest recovery in non-oil sector in September – IHS Markit

Dubai sees modest recovery in non-oil sector in September – IHS Markit

UAE - Mubasher: The IHS Markit Dubai Purchasing Managers' Index (PMI) increased to 51.5 in September from 50.9 in August, reflecting an improvement in the performance of Dubai's non-oil private sector for the third month in a row.

In September, Dubai witnessed modest growth in its businesses amid the measures taken to recover from the coronavirus (COVID-19) economic impact, according to a press release on Sunday.

Although the emirate's economic activities rose at faster rates than in August, the PMI remained below that seen in July and down from the average of 54.7.

Meanwhile, the demand growth in Dubai has reached a ten-month high, driven by higher sales and the launch of new projects as the COVID-19 restrictions have been eased.