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
UAE voices concerns at escalating developments in Syria
2
Koreas set to hold high-level talks this week to set agenda for summit
3
Cimatu reports ‘marked improvement’ in Boracay water quality
4
UN Road Safety Fund a step in right direction
5
Duterte’s China trip yields 10K new jobs for Pinoys
6
Saudi Arabia, Pakistan discuss latest regional developments
7
Koreas hold talks on telephone hotline between leaders
8
4th Int'l Packaging Export Confab held at KINTEX on April 17 with participation of Korea, China and Japan
9
Military review not attempt to upstage Xi: President Tsai
10
Trump must avoid high expectations on N. Korea: ex-defense chief
Photo News Green Biz
UAE environmentalists to travel to ends of the earth to inspire change
UAE environmentalists to travel to...
min
Mohammed bin Rashid launches Marmoom Desert Conservation Reserve
Mohammed bin Rashid launches Marmo...
min
Masdar unveils locally manufactured all-electric Eco-Bus
Masdar unveils locally manufacture...
min
Tabreed, Masdar sign agreement to operate Masdar City’s First District Cooling Plant
Tabreed, Masdar sign agreement to ...
min
World Future Energy Summit 2018 to map transition to a sustainable economy and lead ‘cleantech’ innovation
World Future Energy Summit 2018 to...
min
Photo News Sports
PyeongChang Winter Paralympics end with celebration of breaking down barriers
PyeongChang Winter Paralympics end...
min
Opening day of Abu Dhabi’s Special Olympics IX MENA Games 2018 witnesses incredible sporting achievement
Opening day of Abu Dhabi’s Special...
min
Largest Winter Paralympics to close in PyeongChang
Largest Winter Paralympics to clos...
min
Olympics:9th Regional Games of Special Olympics opens in Abu Dhabi
Olympics:9th Regional Games of Spe...
min
World’s top rally drivers to compete in Abu Dhabi Desert Challenge
World’s top rally drivers to compe...
min
Abu Dhabi set to welcome more than two thousand visitors for Manchester city Abu Dhabi Cup
Abu Dhabi set to welcome more than...
min
Moon hails PyeongChang Games for making Korean peace a possibility
Moon hails PyeongChang Games for m...
min
PyeongChang Paralympics kicks off with ceremony highlighting passion, coexistence
PyeongChang Paralympics kicks off ...
min
Photo News World
PyeongChang Winter Paralympics end with celebration of breaking down barriers
PyeongChang Winter Paralympics end...
min
Opening day of Abu Dhabi’s Special Olympics IX MENA Games 2018 witnesses incredible sporting achievement
Opening day of Abu Dhabi’s Special...
min
Largest Winter Paralympics to close in PyeongChang
Largest Winter Paralympics to clos...
min
Olympics:9th Regional Games of Special Olympics opens in Abu Dhabi
Olympics:9th Regional Games of Spe...
min
World’s top rally drivers to compete in Abu Dhabi Desert Challenge
World’s top rally drivers to compe...
min
Abu Dhabi set to welcome more than two thousand visitors for Manchester city Abu Dhabi Cup
Abu Dhabi set to welcome more than...
min
Moon hails PyeongChang Games for making Korean peace a possibility
Moon hails PyeongChang Games for m...
min
PyeongChang Paralympics kicks off with ceremony highlighting passion, coexistence
PyeongChang Paralympics kicks off ...
min
Photo News Opinion
U.S. demands S. Korea share cost of deploying strategic assets around peninsula: official
U.S. demands S. Korea share cost o...
min
Moon urges bipartisan support for success of upcoming summit with N. Korea
Moon urges bipartisan support for ...
min
Brokerages urged to bolster investor protection, internal controls
Brokerages urged to bolster invest...
min
Moon says efforts to root out 'social evil' not aimed at punishing individuals
Moon says efforts to root out 'soc...
min
Moon urges swift parliamentary approval of extra budget
Moon urges swift parliamentary app...
min
S. Korea, U.S. wrap up weeklong combined exercise
S. Korea, U.S. wrap up weeklong co...
min
Parties give mixed reactions to heavy sentence for ex-President Park
Parties give mixed reactions to he...
min
Two F-15K pilots apparently killed in plane crash
Two F-15K pilots apparently killed...
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