Growth momentum softens, but Dubai firms optimistic – ZAWYA

Growth momentum softens, but Dubai firms optimistic – ZAWYA

Growth momentum softens, but Dubai firms optimistic. While business expectations deteriorated further, output charges were again lowered amid efforts to reinvigorate new orders, the IHS Markit Dubai Purchasing Managers' Index shows.. A further weakening of sales growth in January, which slowed to a near four-year low, prompted a much softer expansion in output and falling job numbers.. Employment in Dubai was notably affected, with companies reporting the joint-quickest fall in job numbers seen throughout the ten-year series history, added Owen.. New orders followed a similar trend to output, with latest data indicating the weakest increase in demand for nearly four years..