eseoulpost
BusinessUAE
Emirates NBD UAE PMI: Non-oil private sector growth at 30-month high
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2017.09.06  
트위터 페이스북 미투데이 요즘 네이버 구글 msn
   

DUBAI, 6th September, 2017 (WAM) -- Growth in the UAE non-oil private sector economy climbed to the fastest pace seen since February 2015, bolstered by sharp expansions in new orders and output, according to the latest UAE PMI survey.

The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the UAE non-oil private sector, and says that new export orders rose for the first time in three months, with other GCC countries being mentioned as key sources of international demand. The ongoing upturn in new business translated into job creation across the non-oil private sector, while increasing output requirements prompted firms to engage in purchasing activity, which contributed to a record rise in inventories. Meanwhile, firms continued to face upward cost pressures. In contrast, output charges stabilised during August.

Commenting on the survey, Khatija Haque, Head of MENA Research at Emirates NBD, said, "The August PMI survey shows a strong expansion in the non-oil private sector, underpinned by sharply higher output, new orders and inventories. Firms have indicated that new projects and competitive pricing are supporting demand and activity in the non-oil sector. This is in line with our view that investment ahead of Expo 2020 will be the key driver of the UAE’s non-oil growth over the next few years."

The headline seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index is a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy. It climbed to a 30-month high of 57.3 in August from 56.0 in July. In addition, the overall upturn in the non-oil private sector outperformed the long-run average.

The improvement in business conditions was driven by an increase in new orders. Moreover, the rate of growth was the sharpest in 30 months. Firms frequently linked new client wins to new projects, enhanced marketing initiatives and good quality products.

A sharp rise in business activity also contributed to the overall improvement in the UAE’s non-oil private sector. Where an increase was registered, firms commented on favourable economic conditions.

New export orders rose for the first time in three months. The rate of growth was marginal, however. Surveyed companies cited other GCC countries as key sources of international demand.

The ongoing upturn in new business continued to translate into job creation during August. The rate of expansion was only marginal, however.

Companies engaged in purchasing activity during August, in response to greater output requirements. Consequently, inventories held by firms rose at the most pronounced rate in the survey’s history. This reflected firms’ forecasts of further improvements in market demand, according to panellists.

On the downside, firms continued to face intense input cost pressures, which mainly emanated from higher purchasing costs according to underlying data. In contrast, output charges stabilised during August as firms were reportedly unable to pass on higher cost burdens amid intensive competition. This ended a four-month sequence of falling output prices, however.

Lastly, business sentiment remained positive despite dipping to the lowest in three months. Business confidence was rooted in projections of further improvements in market demand and economic conditions.

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
Goyang citizens join special event wishing big success of PyeongChang 2018 Winter Olympic Games
2
Korea image event successfully staged in Seoul on Jan. 16 with Angelina Danilova from Russia
3
Sharjah Ruler establishes Al Medayna Nature Reserve
4
Hwijae Lee named as Secretary General of Indian Chamber of Commerce Korea
5
Mohammed bin Rashid launches Marmoom Desert Conservation Reserve
6
Saudi Royal Air Defense Forces intercept, destroy ballistic missile fired towards Jazan
7
Dagupan continues dynamic growth in 2017
8
Beauty queen champions education, sustainable tourism
9
UAE Armed Forces destroy command and communication centre for Houthi militia
10
Moon urges increased efforts to reform gov't, increase transparency
Photo News Green Biz
DEWA organises workshop for 3rd Carbon Ambassadors Programme
DEWA organises workshop for 3rd Ca...
min
ADFD, IRENA open new round of funding for renewable energy projects in developing countries
ADFD, IRENA open new round of fund...
min
Dubai Municipality gears up for Clean Up The World campaign
Dubai Municipality gears up for Cl...
min
Climate change threatens agricultural trade in Pacific Rim economies, UN agency warns
Climate change threatens agricultu...
min
Environment and Protected Areas Authority in Sharjah highlights importance of protecting endangered species
Environment and Protected Areas Au...
min
Photo News Sports
IOC hails N. Korean participation in PyeongChang Olympics
IOC hails N. Korean participation ...
min
S. Korea hopes to drive peace momentum beyond PyeongChang: FM
S. Korea hopes to drive peace mome...
min
PyeongChang Forum for Earth and its Citizens
PyeongChang Forum for Earth and it...
min
Yonhap opens photo exhibition in Tokyo to promote PyeongChang Winter Olympics
Yonhap opens photo exhibition in T...
min
Torch for PyeongChang 2018 tours athletes' training center
Torch for PyeongChang 2018 tours a...
min
S. Korea working closely with IOC for N. Korea's participation in PyeongChang Olympics: Cheong Wa Dae
S. Korea working closely with IOC ...
min
Hamdan bin Mohammed ratifies 3rd edition of Sports Events Ranking System
Hamdan bin Mohammed ratifies 3rd e...
min
South defeat North 1-0 in inter-Korean men's football match in Japan
South defeat North 1-0 in inter-Ko...
min
Photo News World
IOC hails N. Korean participation in PyeongChang Olympics
IOC hails N. Korean participation ...
min
S. Korea hopes to drive peace momentum beyond PyeongChang: FM
S. Korea hopes to drive peace mome...
min
PyeongChang Forum for Earth and its Citizens
PyeongChang Forum for Earth and it...
min
Yonhap opens photo exhibition in Tokyo to promote PyeongChang Winter Olympics
Yonhap opens photo exhibition in T...
min
Torch for PyeongChang 2018 tours athletes' training center
Torch for PyeongChang 2018 tours a...
min
S. Korea working closely with IOC for N. Korea's participation in PyeongChang Olympics: Cheong Wa Dae
S. Korea working closely with IOC ...
min
Hamdan bin Mohammed ratifies 3rd edition of Sports Events Ranking System
Hamdan bin Mohammed ratifies 3rd e...
min
South defeat North 1-0 in inter-Korean men's football match in Japan
South defeat North 1-0 in inter-Ko...
min
Photo News Opinion
5 killed in suspected arson attack in Seoul motel
5 killed in suspected arson attack...
min
Head of S. Korea's nuclear operator to quit amid anti-nuclear policy
Head of S. Korea's nuclear operato...
min
Chairman Kim, Jin Ho, the Korean Veterans Association, visited US troop in Yongsan Garrison and made donation
Chairman Kim, Jin Ho, the Korean V...
minah-kim
Ex-President Lee denounces prosecution probe as 'political retaliation'
Ex-President Lee denounces prosecu...
min
Moon urges increased efforts to reform gov't, increase transparency
Moon urges increased efforts to re...
min
Hwijae Lee named as Secretary General of Indian Chamber of Commerce Korea
Hwijae Lee named as Secretary Gene...
min
Alliance-based diplomacy on N. Korea crucial: U.S. senator
Alliance-based diplomacy on N. Kor...
min
Four newborns died of blood poisoning: police
Four newborns died of blood poison...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com