KSA, UAE preserve solid economic activity
20 Oct 2015
(MENAFN) UAE and Saudi Arabia continue to see steady economic activity regardless to the challenging macro environment, based on data.
Meanwhile, UAE’s non-oil private sector PMI did not drop significantly with the September mark set at 56 versus 57.1 in August.
However, the recent reports showed that input costs increased on the back of both higher costs in regards to labor and materials.
‘Despite the doubt caused by ongoing low oil prices and regional political state, economic engines of GCC nations keep moving ahead,’ said a chief economist.