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UAE business conditions at 20-month high in March

UAE business conditions at 20-month high in March

A recent HSBC UAE Purchasing Managers' Index (PMI) better output and new orders increase while job creation is recorded as fastest in 15 months. Should we be hoping for some ripple effect?

April 5, 2011 12:03 by

The output index slipped slightly for the second consecutive month but still signalled a sharp rise in activity, which panelists linked to new work and a better business environment.

Input prices picked up to a series record in March, showing a rise in both purchase and staff costs.

Annual consumer inflation in the UAE, the world’s third largest oil exporter, edged down slightly to 1.5 percent in February, matching the level from last November as the housing market remained under pressure.

(written by Martina Fuchs)

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