Wednesday, 17 January 2018 07:10 GMT

UAE's non-oil sector slows down in December

(MENAFN) Non-oil private-sector business activity in the UAE has seen a slight deceleration in December, according to Arab News

The sector's output, however, registered its fastest pace in 32 months, according to a survey of purchasing managers

Simon Williams, HSBC's chief economist for the Middle East, said: "Although the headline score moderated slightly month-on-month, the December reading was very strong and leaves no doubt that the UAE economy is expanding strongly.

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