In March, the Purchasing Managers' Index (PMI) for the United Arab Emirates (UAE) indicated a slight easing in the growth of non-oil business activity. The Emirates-Economy-PMI report revealed that the PMI dropped to a certain level, reflecting a moderation in the pace of expansion compared to the previous month.
The PMI serves as a key indicator of economic health, particularly in the non-oil private sector. A reading above 50 indicates expansion, while a reading below 50 suggests contraction. The latest data showed that the UAE's non-oil private sector continued to grow, albeit at a slightly slower rate.
