Dubai’s private sector activity grew at slower pace

According to IHS Markit Dubai Purchasing Managers’ Index (PMI), business activity in Dubai’s non-oil private sector economy increased at a softer rate in August compared to July, as companies reported weaker new order growth. Data from the survey that covers the Dubai non-oil private sector economy with additional sector data published for travel & tourism, wholesale & retail and construction showed employment fell marginally, while the business outlook slipped. More positively, output prices were broadly unchanged after 15 successive months of discounting.