Business conditions in non-oil private sector companies in the UAE improved at a sharp and accelerated rate in April 2023, according to the latest PMI data, driven by the fastest new business growth since November 2021.
Increased customer demand was driven in part by a strong decline in selling prices, the strongest decline recorded since September 2020, and helped by easing cost pressures.
S&P Global's headline UAE Purchasing Managers' Index (PMI) rose from 55.9 in March to 56.6 in April, showing a strong improvement in the non-oil economy's performance.
Source (UAE's Emirati Newspaper, Edited)
