UAE: PMI moderates in September

UAE PMI September 2022

UAE: PMI moderates in September

The S&P Purchasing Managers’ Index (PMI) fell to 56.1 in September from August’s 56.7. As such, the index remained entrenched above the 50.0 no-change threshold, signaling a softer, albeit still strong, improvement in non-oil private sector operating conditions from the previous month.

September’s moderation was chiefly due to new orders growth softening from August’s nine-month high. That said, the expansion was still robust thanks to improving market conditions. Additionally, output expanded at a softer rate in September, moderating from August’s 38-month high. Consequently, employment levels rose once again in September, with the job creation rate similar to that of August. With regard to costs, reductions in prices for energy and other commodities led to subdued cost inflation compared to the first six months of 2022. This, in turn, prompted output charges to fall for a fifth consecutive month in September. Lastly, firms’ expectations for the year ahead improved.

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