FINANCIAL NEWS

Non-oil private sector in Dubai continues to expand in July

10 Aug 2017

(MENAFN) Dubai’s non-oil private sector continued to increase in July with output of 61.0 and new orders 62.0 increased in the month, while the output index was slightly lower than in June.

Moreover, the increase in business activity was attributed to favorable economic conditions and more projects.

Meanwhile, market conditions remained competitive and firms cut selling prices on average in the cited month, while the fall was with the output price index only.

Accordingly, the headline index continues to show strong increase in the non-oil economy, firms” margins continue to be squeezed as they lower selling prices.

MENAFN1008201700450000ID1095714589

MENAFN1008201700450000ID1095714589

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