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The UAE’s non-oil private sector economy started the second half of 2016 on a strong note, with the Emirates NBD Purchasing Managers’ Index (PMI) rising to a ten-month high.
Sharp expansions of output and new work helped the sector to gather momentum, alongside quicker rises in purchasing activity and employment. Notably, the rate of job creation was the fastest in over a year.
The headline index reading came in at 55.3, compared to 53.4 in June, and is now above the long-run series average of 54.5.