United Arab Emirates PMI September 2017

United Arab Emirates

United Arab Emirates: PMI continues to signal strong growth in September

October 3, 2017

The Emirates NDB Purchasing Managers’ Index (PMI) dipped from a multi-year high of 57.3 in August to 55.1 in September. However, the index remains comfortably above the 50-point threshold that separates expansion from contraction in the non-oil producing private sector.

September’s figure was underpinned by a slightly slower increase in output. New export orders contracted, while orders from the domestic market remained highly robust. As a result of healthy economic conditions, employment rose for the 17th consecutive month, although as has been the case recently, it remained subdued overall. Stocks of purchases rose sharply in September, a sign that firms are confident of the good times continuing to roll in the coming months. On the price front, input cost inflation dipped in September, while wage pressures also dimmed.

FocusEconomics Consensus Forecast participants expect GDP to expand 2.0% in 2017 and 3.1% in 2018.

Author:, Economist

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United Arab Emirates PMI Chart

UAE PMI September 2017

Note: Emirates NBD Purchasing Managers’ Index. Readings above 50 indicate an improvement in non-oil business conditions while readings below 50 indicate a deterioration.
Source: Emirates NBD and IHS Markit.

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