UAE: PMI increases in October

UAE PMI October 2022

UAE: PMI increases in October

The S&P Purchasing Managers Index (PMI) rose to 56.6 in October, up from Septembers 56.1. As such, the index moved further above the 50.0 no-change threshold, signaling a stronger improvement in non-oil private sector operating conditions from the prior month.

Octobers improvement came on the back of stronger output growth—the second-highest since July 2019—bolstered by solid client demand. Additionally, lower prices, better services and the upcoming FIFA World Cup in Qatar reportedly propelled new orders to expand at a quicker pace in October. These increases more than offset new export orders growing at a more moderate pace in the month. The improvement in output led firms to onboard staff at the strongest pace since July 2016. With regards to prices, input cost inflation was mild, while output charges were reduced once again in order to attract clients. Less positively, firms sentiment for the upcoming year weakened in October.

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