RSS   Newsletter   Contact   Advertise with us
Post Online Media
Jobs in Emirates   Emirates NBD Dubai Economy Tracker

Dubai private sector experiences strong end to 2016

Dubai private sectorDecember data highlighted a robust improvement in business conditions across Dubai’s private sector economy, underpinned by faster rates of output and new order growth.

Article continues below


READ MORE Sharp upturn in business activity continues in Dubaieak]


The seasonally adjusted Emirates NBD Dubai Economy Tracker Index registered 55.9, up from 55.2 in November and the highest reading since July.

The index has now posted above the 50.0 no-change mark for ten months running and the latest upturn was broad-based across the three key sectors monitored by the survey.

Travel & tourism remained the best performing sub-category in December (headline index at 56.9), followed by wholesale & retail (56.4).

Nonetheless, construction firms recorded a positive shift in growth momentum at the end of 2016, with the headline index up sharply to 54.3, from 51.8 in November.

The headline Emirates NBD Dubai Economy Tracker Index is derived from individual diffusion indices which measure changes in output, new orders, employment, suppliers’ delivery times and stocks of purchased goods.

A reading of below 50.0 indicates that the non-oil private sector economy is generally declining; above 50.0, that it is generally expanding. A reading of 50.0 signals no change.

The survey covers the Dubai non-oil private sector economy, with additional sector data published for travel & tourism, wholesale & retail and construction.


What to read next

 
 

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy