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UAE business activity at 15-month low

UAE business activity at 15-month low

New business growth at one-year low, job creation slows, according to survey.

September 7, 2011 3:08 by

…a three-month low of 1.3 percent in July.

The UAE, the world’s No.4 oil exporter, became an investor safe haven over past months with protests sweeping through much of the Arab world, including nearby Oman, Bahrain and Yemen.

Analysts polled by Reuters in June expect the UAE economy to expand by 3.7 percent this year after a 1.4 percent rise in 2010.

— Detailed PMI data is only available under licence from Markit and customers need to apply to Markit for a licence.

To subscribe to the full data, click here. For further information please phone Markit on ++ 44 20 7260 2454. (Reporting by Martina Fuchs; Editing by Kim Coghill)

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