UAE non-oil sector growth accelerates to fastest pace since late 2024
Translated from English and summarized by DistantNews. Read the original for the full story.
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- The seasonally adjusted S&P Global UAE PMI rose to 55.3 in August from 52.7 in July, signaling faster non-oil private-sector growth.
- New business increased sharply, reaching its joint-strongest pace in more than two years, while output growth also strengthened.
- Firms reported inventory expansion, easing supply constraints and reduced price pressures.
Growth across the UAE’s non-oil private sector accelerated in August, with companies reporting stronger sales, higher output and a renewed build-up of inventories.
The seasonally adjusted S&P Global UAE Purchasing Managers’ Index rose to 55.3 from 52.7 in July. The survey described the improvement in operating conditions as the fastest since December 2024, marking a second consecutive month of accelerating growth.
New business provided much of the momentum. Firms reported a steep rise in new work inflows, matching the quickest pace recorded since March 2024. Companies linked the increase to improved customer activity.
The survey also pointed to sharper output growth, expanding inventories and fewer supply constraints. At the same time, price pressures eased, giving the latest improvement a combination of stronger demand and less intense cost pressure.
About this summary
Originally published by Gulf Today in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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