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Growth in Dubai’s non-oil private sector remains strong

Staff Writer |
November’s data signalled a solid upturn in Dubai’s private sector business conditions.

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Steep growth in both output and inflows of new work contributed to the latest expansion.

The seasonally adjusted Emirates NBD Dubai Economy Tracker Index – a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy – eased to 55.3 in November, from 55.6 in October.

The rate of growth remained above the series’ longrun average, however.

At the sector level, wholesale & retail companies reported the strongest improvement in business conditions.

A reading of below 50.0 indicates that the non-oil private sector economy is generally declining; above 50.0, that it is generally expanding.

A reading of 50.0 signals no change.

The survey covers the Dubai non-oil private sector economy, with additional sector data published for travel & tourism, wholesale & retail and construction.

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