The latest UAE PMI, released by S&P Global, showed a marked increase in purchasing activity across the non-oil private sector economy in November, driven by a sharp increase in new business flows and efforts to replenish and increase inventories quickly in the face of strong demand. The headline Purchasing Managers' Index (PMI) UAE - 57.0 points in November, after recording its highest reading in more than 4 years in October (57.7 points). The index showed that operating conditions improved rapidly in the middle of the fourth quarter, supported by strong trends in new business, production, and inventory.
Source (Al-Khaleej Emirati Newspaper, Edited)
