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FINANCIAL NEWS
Emeriti non-oil progress slumps amid global slowdown
04 Nov 2015
(MENAFN) The UAE non-oil private segment lost more development drive at the start of the current three months period as business environments cultivating at the least-marked stride in two-and-a-half years.
The infamous plunge was mainly attributed to slower expansions in output and new orders, plus employment rose only slightly, but the respective rates of growth were nonetheless vigorous overall.
October Purchasing Managers’ Index data for the nation backs up the case that activity in the non-oil private division of the UAE has slowed this year, with average PMI in the first 10 months of 2015 at low levels.
However, sturdier market surroundings, promotional activities and the opening of new branches were all mentioned as factors behind higher new work, plus a renewed increase in new export orders.
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