UAE non-oil activity bounces back and boosts job numbers: S&P Global

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Wed, 2023-04-05 12:59

RIYADH: Growth in non-oil business activities in the UAE have resulted in the fastest job growth in seven years in the Emirates, a new report has revealed.

The latest S&P Global Purchasing Managers’ Index report noted the UAE’s PMI rose to 55.9 in March, from 54.3 in February. 

According to the index, PMI readings above the 50-mark show non-oil private sector growth, while those below 50 signal contraction.

This came as the sector expanded at its strongest pace in five months.

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