Mubasher: The growth of Dubai’s non-oil private sector has been unchanged at a robust pace during August, endorsed by further gains in output, new orders, and employment rates, according to the recent “Emirates NBD Dubai Economy Tracker Index” report.

The index indicated that the growth of the non-oil private sector economy in Dubai remained unchanged in August, compared to July at 56.3.

A sharp growth across the three key sectors was pointed out in the report; wholesale and retail was the best performing category with the index at 56.3, followed by construction, as well as travel and tourism at 55.8 and 55.1, respectively.

Emirates NBD’s report clarified that the index’s reading of below 50.0 indicates that the non-oil private sector economy is generally declining; above 50.0, it shows that the sector is generally expanding; a reading of 50.0 signals no change.

“The Dubai Economy Tracker survey shows continued expansion of the economy last month, at a similar rate to June and July.  Output and new orders have increased sharply, although this has not translated into significant jobs growth,” head of MENA Research at Emirates NBD Khatija Haque said.