Dubai’s private sector signals robust growth at start of 2017Staff Writer | February 10, 2017
January data signalled the strongest improvement in non-oil private sector business conditions for nearly two years.
UAE Emirates NBD Dubai Economy Tracker
Furthermore, all the three key sub-sectors monitored by the survey recorded marked rates of expansion.
By sector, travel & tourism remained the best performing category at the start of the year (index at 57.8), closely followed by wholesale & retail (57.7) and construction (55.4).
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. ■