Dubai economy records faster output growth in June.

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19-Jul-2017

Dubai economy recorded faster output and new orders growth according to the Emirates NBD Dubai Economy Tracker Index (DETI), which increased to 56.5 in June from 55 in May.

The latest index reading was above the long-run series average (55.2). However, employment remained broadly unchanged at 50.2, the lowest reading since February this year.

By sector, wholesale & retail (index at 58) was the best performing category, closely followed by construction (index at 57.4). The travel & tourism sector (54.4) experienced the slowest improvement in business conditions.

 

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