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

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.