UAE - Mubasher: The seasonally adjusted IHS Markit UAE Purchasing Managers' Index (PMI) retreated to 53.3 in September from 53.8 in August, marking the continued improvement in business conditions across the UAE non-oil economy.
The index is above the readings witnessed in the 23 months before July and has exceeded the 50 mark in each of the latest ten months, according to a press release on Tuesday.
Output and new orders have strongly increased amid a rise in backlogs of work to the greatest extent in a year and a half.
Although job opportunities have marginally risen from August, business expectations improved for the first time in three months amid expectations of a pick-up in activity from Expo 2020 and the easing of pandemic restrictions.
The Economist at IHS Markit, David Owen, said: "With the Expo 2020 beginning, the UAE economy appears in a good shape. The PMI ticked down to 53.3 in September but still pointed to a strong improvement in non-oil business conditions, as firms continued to see a recovery in demand from the pandemic."
Owen added: "Capacity pressures continued to build, as backlogs ticked up at the fastest rate since March 2020. However, firms reported little change to employment, with job numbers rising only marginally since August."
