UAE: PMI inches down in June

UAE PMI June 2021

UAE: PMI inches down in June

The IHS Markit Purchasing Managers’ Index (PMI) ticked down to a four-month low of 52.2 in June from May’s 52.3. Consequently, the index remained above the 50-threshold, signaling a continued improvement in business conditions in the non-oil private sector from the previous month, albeit at a marginally slower pace.

Output growth was stable in June amid mixed demand conditions. While some firms saw demand improve thanks to the easing of the impact of the pandemic, others reported flight cancellations and travel restrictions weighing on tourism projections. That said, new orders increased overall, albeit at a more moderate pace than in the month prior. Meanwhile, employment levels increased for the first time in five months in June and at the strongest pace in nearly two-and-a-half years. On the price front, the supply constraints of raw materials and higher transport charges resulted in purchasing costs increasing at the fastest pace in three months. As such, output prices also rose in June as firms passed on costs to clients.

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