United Arab Emirates PMI

United Arab Emirates

United Arab Emirates: PMI inches down in June

July 6, 2015

The Emirates NDB Egypt Purchasing Managers’ Index (PMI) inched down from 56.4 in May to 54.7 in June. Despite the monthly drop, the PMI remains firmly entrenched above the 50-threshold that separates expansion from contraction in the non-oil producing private sector.

June’s figure came on the back of a deceleration in new orders, which grew at the slowest rate since April 2012. In addition, output continued to expand in June, even though the rate of expansion was milder compared to the previous month’s increase. On the contrary, the rate of job creation was broadly stable from the solid pace seen in May. Analysts added that, “activity growth eased to a 20-month low, while new work inflows rose at the slowest pace since April 2012. However, the respective rates of increase remained marked overall. According to panellists, improved marketing strategies, new client wins and new product launches all helped to boost demand conditions, which in turn led to another expansion in output.”

FocusEconomics Consensus Forecast participants expect GDP to expand 4.1% in 2015, which is down 0.1 percentage points over last month’s projection. For 2016, the panel sees the economy also increasing 4.1%.


Author:, Senior Economist

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United Arab Emirates PMI Chart


UAE PMI June 2015

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 Markit.


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