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The Economic Times
The Economic Times
National

UAE non-oil growth hits four-month high in July, PMI shows

UAE David Owen Strait of Hormuz

The United Arab Emirates' non-oil private sector ​grew at its fastest ​pace in four months in July ​as new orders climbed to a five-month high and export business rose, a business survey showed on Wednesday.

The S&P Global ‌UAE ⁠Purchasing Managers' ⁠Index (PMI) rose to 52.7 in July from 50.8 in June, ​a survey by S&P Global showed. The 50-mark separates growth from ​contraction.

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