UAE - Mubasher: The adjusted IHS Markit Dubai Purchasing Managers' Index (PMI) retreated to 51.6 in May after recording a 17-month high of 53.5 in April.
The index reflects the second quickest improvement in operating conditions across the Dubai non-oil private sector economy in ten months, according to a press release on Wednesday.
Although Dubai's non-oil private sector economy continued to improve in May, the rate of growth slowed when compared to April's high levels.
In May, the output and new business grew to a lesser extent, and the employment renewed their decrease.
After rising for the first time in three years in April, the output charges declined in the latest period, as companies have sought to raise their sales amid weak cost pressures.
Travel and tourism recorded the weakest levels among other sectors, as new work decreased for the fourth time in five months.
The Economist at IHS Markit, David Owen, said: "Both output and new orders rose at weaker rates, although April's data was the strongest seen since late 2019. The slowdown led firms to reduce their workforce numbers in May, but the overall rate of job losses was only marginal."
