UAE non-oil sector maintains steady growth despite flood impact: S&P Global 

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Wed, 2024-06-05 10:46

RIYADH: The UAE’s non-oil private sector growth remained steady in May, with the country’s Purchasing Managers’ Index holding firm at 55.4, unchanged from the previous month, an economy tracker showed. 

According to an S&P Global report, non-oil companies in the Emirates experienced a record increase in outstanding business levels in May. Robust sales pipelines and the lingering impact of April’s flooding crisis significantly pressured business capacity. 

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