UAE PMI hits fastest growth since December 2024

The Purchasing Managers' Index in the UAE for August 2024 rose to 55.3 points, marking the fastest growth in the non-oil sector since December 2024. This growth was driven by increased demand for new business and higher production. The sector also experienced improvements in supply chain conditions and a decrease in cost pressures to the lowest level in six months, amid growing incentives to build inventories and expand activity due to benefits from external demand and customers shifting to digital services. These data indicate a strong recovery in the non-oil sector and reflect the UAE's efforts to strengthen supply chain resilience and support sustainable economic growth.

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