Dubai’s non-oil sector output hits 20-month high: S&P Global

Follow-ups -eshrag News:

Tue, 2022-08-09 13:22

Dubai’s wholesale and retail industry helped drive the expansion of the city’s non-oil sector in July, as output rose to a 20-month high at the fastest pace in three years, reported S&P Global.

The Purchasing Managers Index — a measure of business activity and performance in the non-oil sector — increased to 56.4 in July from 56.1 in June, exhibiting its best performance in the past three years.

Among the three key sectors of Dubai, the wholesale & retail sector showed the highest growth, followed by travel and tourism, then construction. 

Main category: 
Business & Economy

Noting that the news was copied from another site and all rights reserved to the original source.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button