Strong growth in new business conditions continues in the UAE

Strong growth in new business conditions continues in the UAE

The upturn in business conditions was marked by another robust increase in new business volumes at the end of the third quarter of the year.

September PMI data from S&P Global saw operating conditions improve at a robust pace once again across the UAE non-oil economy, as strong new business growth continued to drive increases in output and employment.

Firms also encountered relatively mild price pressures, as input costs rose only slightly after a renewed fall in August. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index (PMI) – a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy – fell for the first time in three months to 56.1 in September, after reaching an over three-year high of 56.7 in August.

Nevertheless, the index remained firmly above the 50.0 no-change mark and signalled a strong improvement in the health of the non-oil private sector.

The upturn in business conditions was marked by another robust increase in new business volumes at the end of the third quarter of the year.

Despite ticking down slightly from August’s nine-month high, the rate of new order growth was sharp and faster than the trend observed since the survey began in