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Sharp upturn in business activity continues in Dubai

Staff Writer | October 12, 2016
Private sector companies in Dubai experienced another strong improvement in business conditions during September.
Emirates   Emirates NBD Dubai Economy Tracker
This was highlighted by the seasonally adjusted Emirates NBD Dubai Economy Tracker Index posting 55.1, down fractionally from 55.7 in August but still well above the 50.0 no-change threshold.

On average in the third quarter of 2016, the headline index signalled the fastest upturn in operating conditions across the non-oil private sector economy since Q1 2015.

September data indicated improving business conditions in all three key sectors monitored by the survey, led by a robust and accelerated upturn in travel & tourism (index at 56.7). This helped to offset a slightly slower rate of expansion in wholesale & retail (54.7), and another relatively subdued improvement in the construction sector (52.7).

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.