UAE's non-oil business activity growth eases slightly in March, PMI shows
© Reuters. The Burj Khalifa building peaks through the skyline as the sun sets over Dubai, United Arab Emirates, September 9, 2023. REUTERS/Amr Alfiky/File PhotoDUBAI - Growth in the United Arab Emirates' non-oil business sector eased a little in March, a survey showed on Wednesday, with supply constraints from shipping disruption in the Red Sea contributing to backlogs.
The output sub-index eased to 62.7 last month from February's near five-year high, but growth momentum remained strong, lifted by new business and projects in the pipeline. "The overall picture for the UAE non-oil private sector remained rosy at the end of the first quarter," said David Owen, senior economist at S&P Global Market Intelligence.
The new orders sub-index rose to 61.5 in March, from 60.4 in February, signalling continued strong demand.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China NBS Manufacturing PMI improves to 50.8 in March, Services PMI climbs to 53.0China’s official Manufacturing Purchasing Managers' Index (PMI) improved to 50.8 in March from the previous reading of 49.1, the latest data published by the country’s National Bureau of Statistics (NBS) showed on Sunday.
Read more »
US S&P Global manufacturing PMI improves to 52.5, Services PMI declines to 51.7 in MarchBusiness activity in the US private sector continued to expand at a healthy pace in early March, with the S&P Global Composite PMI coming in at 52.2.
Read more »
Australia's Judo Bank PMIs come in mixed as Services PMI rises, Manufacturing PMI easesAustralia's Judo Bank Purchasing Managers Index (PMI) came in mixed in the early Thursday market session, with a lift in the Services component mixing with an easing in the Manufacturing PMI.
Read more »
UK Preliminary Services PMI eases to 53.4 in March vs. 53.8 expectedThe seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) improved sharply from 47.5 in February to 49.9 in March, above the estimated 47.8 reading.
Read more »
Eurozone Preliminary Manufacturing PMI falls to 45.7 in March vs. 47.0 expectedThe Eurozone manufacturing sector activity downturn extended while the services sector continued to expand in March, according to the data from the HCOB's latest purchasing managers index survey released on Thursday.
Read more »
German Preliminary Manufacturing PMI drops further to 41.6 in March vs. 43.1 expectedGermany’s manufacturing sector experienced deeper contraction in March while the services sector performance improved, the preliminary business activity report published by the HCOB survey showed Thursday.
Read more »