UAE - Mubasher: The adjusted IHS Markit Dubai Purchasing Managers' Index (PMI) declined for a second consecutive month to 51 in June from 51.6 in May, which indicated only a slight improvement in operating conditions in Dubai's non-oil private sector.
The reading is attributed to lower output growth in Dubai's non-oil economy during June, as a weaker rise in sales and supply shortages negatively affected the sector's recovery, according to a press release on Sunday.
The emirate has witnessed an acceleration in input cost inflation, as companies saw a rise in commodity prices, which led to higher output charges for only the second time in three years.
Meanwhile, the business activity continued to rise across the construction and wholesale and retail sectors in June, however, the upturn slowed from the preceding month.
The travel and tourism activity saw a renewed upturn after a slight decrease in May.
The employment rate was the quickest since November 2019, but slower than the long-run series average.
The Economist at IHS Markit, David Owen, said: "Business activity in the Dubai non-oil sector was hindered by weaker sales growth and raw material shortages in June, with the rate of growth slowing to a seven-month low."
