Monday, 28 May 2018 10:50 GMT

UAE non-oil sector picks up speed

(MENAFN) The non-oil producing private sector in the UAE has posted a sharp increase in activity in January causing employment levels to edge up slightly, Khaleej Times reported

The HSBC purchasing manager's index (PMI) reveals that order intakes went up in the month with 43 percent of the companies reporting growth

The headline PMI dropped marginally in January to 57.1 from 57.4 in December, showing improvement in the sector

The report said: "Operating conditions in the sector have now improved continuously on a monthly basis since September 2009, with the latest reading among the highest seen in the survey's history.

UAE non-oil sector picks up speed

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