UAE private sector strong, despite PMI decline
- Date: 05-Jun-2023
- Source: Al Bawaba
- Sector:Financial Services
- Country:UAE
UAE private sector strong, despite PMI decline
ALBAWABA – Despite the slight decline in the United Arab Emirates’ (UAE) Standard and Poor (S&P) Purchasing Managers Index (PMI), from 56.6 points in April, to 55.5 points in May, UAE private sector growth remained strong, with the May index still higher than the long-run 54.2 average.
Overall, UAE’s PMI index has been edging up since February 20023, according to data from Trading Economics.
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