UAE: PMI increases in September

UAE PMI September 2023

UAE: PMI increases in September

The S&P Global Purchasing Managers’ Index (PMI) rose to 56.7 in September from August’s 55.0. As such, the index moved further above the 50.0 no-change threshold, signaling a faster improvement in non-oil private-sector operating conditions compared to the previous month.

September’s improvement came on the back of stronger expansions in both new orders and output. New orders growth was driven by improving customer demand. Meanwhile, job creation slowed in the month, and backlogs of work also rose at a softer pace.

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