Business conditions in Dubai improve in MayStaff Writer | June 12, 2017
May data highlighted a robust improvement in the health of the non-oil private sector, with output and new orders expanding at a sharp rate.
Emirates Emirates NBD Dubai Economy Tracker
The latest reading signalled the slowest pace of improvement observed in seven months, but was comfortably above the neutral 50.0 threshold and was in line with the long-run series average (55.1).
Sub-sector data indicated that construction companies experienced the fastest improvement in business conditions (index at 56.2), followed by wholesale & retail (55.5) and travel & tourism (54.2).
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. ■