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Strongest upturn in Emirates output for one-and-half years

Staff Writer |
Business conditions in the UAE’s non-oil private sector continued to improve in February, with a sharp and accelerated increase in inflows of new work underpinning a robust expansion of output.

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Strong demand conditions and a favourable economic environment encouraged companies to scale up purchasing activity and hire additional workers over the month.

On the price front, average selling prices rose for the first time in almost oneand-a-half years as firms passed on to clients part of their additional cost burdens.

The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the UAE non-oil private sector.

As has been the case in each month for seven-and-a-half years, the headline seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index (PMI) recorded above the crucial 50.0 threshold in February, thereby signalling a further improvement in the health of the private sector.

Up from 55.3 in January to a 17-month high of 56.0, the latest reading was above its long-run average (54.5).

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