Industry in United Arab Emirates

United Arab Emirates Industry | Economic News & Forecasts

United Arab Emirates - Industry

Growth in the non-oil economy was likely broadly robust in the fourth quarter but nevertheless softened noticeably in December, when the PMI fell to an over two-year low on the back of weaker external demand. Meanwhile, although oil prices plunged in the quarter—which likely hit fiscal revenues in turn—oil production increased significantly in the same period, which bodes well for GDP growth in Q4. The December slowdown was also likely temporary, as indicated by still-upbeat business confidence in the month. Looking ahead, fiscal stimulus measures—both at the federal and emirate level—should support economic activity in Q1 and beyond. On 1 February, the IMF released its Article IV consultation report, in which it praised the country’s sound fiscal management and recent reforms to liberalize investment flows.

United Arab Emirates - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)3.6  0.9  6.8  4.3  -     

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United Arab Emirates Industry Chart

UAE Industry
Note: Annual variation of industrial production in %.
Source: National Bureau of Statistics.

United Arab Emirates Facts

Exchange Rate3.670.0 %Feb 14
Stock Market0.30.75 %Feb 12

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