UAE PMI sees fourth contraction in row – IHS Markit

UAE PMI sees fourth contraction in row – IHS Markit

May's PMI has reflected a considerable decline in the UAE's non-oil private businesses in May amid coronavirus (COVID-19), marking the fourth consecutive decrease, due to a fall in demand.. The figure indicates an improvement in the non-oil private activities in May, when compared to April's record, because the UAE eased the lockdown restrictions and allowed for the reopening of businesses.. May data suggested that these impacts are lessening as some countries move to lighter measures.".