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FINANCIAL NEWS
UAE witnesses non-oil segment recover in Feb
04 Mar 2016
(MENAFN) The UAE’s non-oil private division revealed a recovery in development throughout the prior month with yield jumping at a slightly faster rate, according to the latest reports.
The general advance in business environments was aided by growths in output, new orders and employment, hence all three variables increased marginally faster than in January.
In more detail, the overall new orders enhanced (54.6), as export demand improved from a flat January and as companies slash prices to draw and attract new business.
Furthermore, new outbound shipments’ orders component of the PMI climbed to 52.6 in Feb from 50.2 in January, but this rate of expansion is still lower than the series average.
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