Middle East Economic Survey


No 19



UAE Non-Oil Sector Grows At Series Record Rate In April, Says HSBC

Boosted by a sharp rise in new business, UAE non-oil private sector output grew at a series record rate in April, according to a report published by HSBC on 3 May. Climbing to 57.5 in April, from 54.7 in March, the headline seasonally adjusted HSBC UAE Purchasing Managers Index (PMI) a composite indicator designed to provide a single figure snapshot of the performance...