UAE sees solid improvement in non-oil private sector in April

UAE sees solid improvement in non-oil private sector in April

UAE - Mubasher: The seasonally adjusted IHS Markit UAE Purchasing Managers' Index (PMI) increased to its highest level since mid-2019 to record 52.7 in April from 52.6 in March, reflecting a solid improvement in the country's non-oil private sector.

At the start of the second quarter (Q2) of 2021, the UAE's non-oil private sector noticeably improved because of a strong rise in new business inflows amid higher new orders, according to a press release on Tuesday.

Meanwhile, the UAE's non-oil private sector recorded a sharp expansion in output amid a continued economic recovery from the coronavirus (COVID-19) repercussions.