UAE non-oil business see new orders touch 4-year high  

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Wed, 2023-10-04 13:24

RIYADH: The non-oil private sector in the UAE witnessed strong demand in September, as new orders grew at their fastest rate in four years, an economy tracker showed.  

The latest S&P Purchasing Managers’ Index report revealed the country’s PMI hit 56.7 in September, rising from 55 in August, boosted by a robust economy and competitive pricing. 

According to the report, lower prices and stronger economic conditions drove the new orders sub-index to its highest level since June 2019. 

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