POST Online Media Lite Edition



 

Improvement in business conditions sustained in Dubai

Staff Writer |
Growth of Dubai’s non-oil private sector was sustained at a robust pace during August, supported by further gains in output, new orders and employment.

Article continues below






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 – remained unchanged from July at 56.3 in August.

August data pointed to sharp growth across the three key sectors monitored by the survey.

Wholesale & retail was the best performing category (index at 56.3), followed by construction (55.8) and travel and tourism (55.1).

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.


What to read next

Sharp upturn in business activity continues in Dubai
Business conditions rebound in Dubai in November
Softest expansion of Dubai’s private sector