Dubai PMI continues improving in July – Emirates NBD

Dubai PMI continues improving in July – Emirates NBD
The wholesale and retail sector recorded a positive performance of 57.9 points in July

Dubai – Mubasher: The non-oil private sector in Dubai continued to improve in July in line with expansions in the sector’s production, according to a recent report.

The Purchasing Managers’ Index (PMI) for Dubai registered a decline to 56.3 points in July compared to 56.5 points in June, signalling a higher level than the PMI average of 55.2 points, according to the survey sponsored by Emirates NBD and produced by IHS Markit.

The wholesale and retail sector recorded a positive performance of 57.9 points in July, followed by the travel and tourism segment which registered 56.3 points, while the construction sector recorded 54.8 points, according to the report.

The index is still reflecting a noticeable growth in the non-oil economy in July, head of MENA Research at Emirates NBD Khatija Haque said.

The report noted that the overall outlook of the commercial conditions in July reflected a positive performance, which was backed by a surge in production.

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Source: Mubasher

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