UAE: Conditions improve at marginally slower pace in April

UAE PMI April 2022

UAE: Conditions improve at marginally slower pace in April

The S&P Global Purchasing Managers’ Index (PMI) fell to 54.6 in April from March’s 54.8. As such, the index remained above the 50.0 no-change threshold, pointing to a continued, albeit moderating, improvement in business conditions from the previous month.

April’s marginal moderation came amid a softer expansion in new orders and a slight decline in employment levels. Nevertheless, non-oil output expanded at the quickest pace since December 2021. On the price front, higher energy and raw material prices stemming from the war in Ukraine continued to push input costs up. This prompted businesses to pass on part of the extra burden to customers, leading to the first increase in average output costs in nine months. Lastly, firms remained optimistic with regard to the outlook for the coming year, although confidence dropped to a four-month low due to concerns over inflation and supply disruptions.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest