Exports in United Arab Emirates
United Arab Emirates - Exports
The economy likely lost steam in the second quarter as OPEC production cuts undermined oil output growth. In contrast, the non-oil sector likely accelerated, as the non-oil sector PMI for Q2 averaged the strongest quarterly expansion since Q4 2014. Moreover, household spending should have benefited from falling consumer prices, higher employment and healthy private sector credit growth, while the construction and real estate sector was likely solid in Q2. Turning to the third quarter, crude oil output growth was modest in July–August compared to the same month in 2018. Meanwhile, August’s non-oil sector PMI fell to the lowest level in eight years, suggesting growth likely softened in the non-oil sector. On the bright side, average loan growth accelerated in July–August. Moreover, the formation of a new higher committee of real estate planning in early September led to a surge in transactions, which may signal a recovery in the market.United Arab Emirates - Exports Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 371 | 343 | 300 | 295 | 314 |
United Arab Emirates Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 3.67 | 0.0 % | Sep 04 |
| Stock Market | 0.1 | 0.75 % | Sep 04 |
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Economic News
United Arab Emirates: PMI plummets to an eight-year low in August
September 3, 2019
The IHS Markit Purchasing Managers’ Index (PMI) plunged to 51.6 in August from 55.1 in July.
United Arab Emirates: PMI weakens in July, registering lowest reading since February
August 5, 2019
The IHS Markit Purchasing Managers’ Index (PMI) fell from 57.7 in June to 55.1 in July.
United Arab Emirates: PMI declines in June but remains near May’s over four-year high
July 3, 2019
The Emirates NBD Purchasing Managers’ Index (PMI) fell from 59.4 in May—the highest reading since October 2014—to 57.7 in June.
United Arab Emirates: PMI soars to highest level in over four years in May
June 10, 2019
The Emirates NBD Purchasing Managers’ Index (PMI) rose to 59.4 in May from 57.6 in April, the highest reading since October 2014.
United Arab Emirates: Drop in consumer prices moderates in April
June 2, 2019
Consumer prices rose 0.17% month-on-month in April, contrasting the 0.59% fall recorded in March.
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