Improvement in business conditions sustained in Dubai
The seasonally adjusted Emirates NBD Dubai Economy Tracker Index 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. ■