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Dubai private sector posts constant growth
(MENAFN) Dubai's private sector registered a sustained recovery in growth momentum last month, reaching the highest level since August 2015.
Moreover, wholesale & retail sector was the best performing sub-sector reaching 58.2 percent, followed by travel & tourism at 54.1 percent.
However, the non-oil private sector economy is falling; above 50.0 percent, which is generally expanding.
The recovery in the travel and tourism sector is positive, as the sector had been soft in previous month.
Moreover, wholesale & retail sector was the best performing sub-sector reaching 58.2 percent, followed by travel & tourism at 54.1 percent.
However, the non-oil private sector economy is falling; above 50.0 percent, which is generally expanding.
The recovery in the travel and tourism sector is positive, as the sector had been soft in previous month.
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