Public Debt in United Arab Emirates
United Arab Emirates - Public DebtGrowth appears to have moderated but remained healthy in the first quarter, as OPEC+ production cuts in effect since January dampened oil-sector growth, while non-oil activity picked up after a near-flat reading in Q4, thanks in good part to higher government spending. Turning to the second quarter, the non-oil sector appears to have made some positive strides. The PMI rose notably in April and then again in May, reaching an over four-year high, although payrolls have remained stagnant. Data for Dubai also indicates healthy tourism, as well as a pick-up in construction activity in May due in large part to the ramp-up of Expo 2020 projects. Nevertheless, OPEC+ cuts remained in place in the quarter—limiting the oil sector’s momentum and weighing on growth—and are likely to be extended until year-end at the next OPEC+ meeting ending 2 July.
United Arab Emirates - Public Debt Data
|Public Debt (% of GDP)||15.8||15.5||18.7||20.2||19.7|
5 years of economic forecasts for more than 30 economic indicators.
United Arab Emirates Facts
|Exchange Rate||3.67||0.0 %||Jul 11|
|Stock Market||0.1||0.75 %||Jul 11|
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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.
June 2, 2019
Consumer prices rose 0.17% month-on-month in April, contrasting the 0.59% fall recorded in March.
May 5, 2019
Consumer prices fell 0.59% month-on-month in March, further declining from the 0.30% fall recorded in February.
May 5, 2019
The Emirates NBD Purchasing Managers’ Index (PMI) rose from 55.7 in March to 57.6 in April, the highest reading since December 2017.
April 9, 2019
Consumer prices fell 0.30% month-on-month in February, coming in below the 0.12% decline recorded in January.