Non-oil private sector growth in the UAE rebounded in August, after growing at its slowest pace in nearly three years in July, supported by a surge in new orders.
The seasonally adjusted S&P Global PMI rose to 54.2 in August from 53.7 in July, as output and sales growth was boosted. The output sub-index rose to 59.1 last month from 58.1 in July, supported by new and project activities, but the rate of increase has been among the slowest over the past three years.
However, new order growth accelerated at the fastest pace in five months, with the sub-index jumping to 59.1 in August from 57.5 in July.
Source (Al-Arab Newspaper of London, Edited)
