UAE: Non-oil private-sector conditions improve robustly in May

UAE PMI May 2023

UAE: Non-oil private-sector conditions improve robustly in May

The S&P Global Purchasing Managers’ Index (PMI) cooled to a three-month low of 55.5 in May, down from April’s 56.6. As such, the index moved closer to, but remained comfortably above, the 50.0 no-change threshold, signaling a continued improvement in non-oil private sector operating conditions from the prior month.

May’s mild easing came on the back of softer new business growth, following April’s 17-month high. More positively, employment levels rose at the second-fastest pace in nearly seven years. With regard to prices, selling charges were reduced once again, albeit at a slower pace than in the prior month, in a bid to attract customers amid strong competition. Lastly, sentiment regarding activity in the coming year rose to its highest since late 2021.

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