The performance of the non-oil private sector in the UAE declined during the month of August.
The purchasing managers’ index for the non-oil private sector in the UAE, issued by S&P Global on Tuesday, fell to 55 points in August, compared to 56 points in August. July.
The index still indicates an improvement in the performance of the non-oil private sector, above the neutral level of 50 points.
The UAE, which is one of the largest oil producers, seeks to increase the contribution of the non-oil private sector to the gross domestic product, as part of the economic diversification plans.
(Prepared by: Shaima Hefzy, to communicate with zawya.arabic@lseg.com)
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2023-09-05 04:23:02
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