Commercial Activity in the UAE Surges at the Fastest Pace in 5 Years

Commercial Activity in the UAE Surges at the Fastest Pace in 5 Years- The Purchasing Managers' Index (PMI) in the UAE has indicated sustained robust growth in the non-oil sector in February, as business conditions rapidly improved, marked by a significant increase in activity and sales. Companies once again received larger quantities of new orders as market demand and customer activity continued to escalate.This has resulted in the largest increase in production levels since mid-2019, propelling commercial activity in the UAE to its fastest pace in 5 years, despite other indications of ongoing competitive pressures.The Standard & Poor's Global UAE…

Source: emirates247.com