Dubai's private sector logs its weakest growth
(MENAFN) Dubai's private sector registered its weakest growth in five-and-a-half years the previous month among the strong US dollar and local and global economy.
The Emirates NBD Dubai Economy Tracker posted at 51.8 in Dec, falling from 53.4 in Nov.
"The slower rate of expansion in Dubai in December is unsurprising given the headwinds of strong USD and increased about both the global and regional economic outlook," said head of Mena Research.
She also added: "Nevertheless, the improvement in tourism sector activity in December is encouraging. Construction sector output also expanded at a robust pace in December."
The Emirates NBD Dubai Economy Tracker posted at 51.8 in Dec, falling from 53.4 in Nov.
"The slower rate of expansion in Dubai in December is unsurprising given the headwinds of strong USD and increased about both the global and regional economic outlook," said head of Mena Research.
She also added: "Nevertheless, the improvement in tourism sector activity in December is encouraging. Construction sector output also expanded at a robust pace in December."
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