Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

UAE Non-oil Private Sector and Manufacturing Sector Increased In November


December, 05 2017
watermark Economic news

The advancement of the non-oil sector in the United Arab Emirates increased in November following the sharp increase in the output from the survey of the companies on Tuesday.


The seasonally adjusted Purchasing Managers’ Index of the National Bank of Dubai involving the manufacturing and services grew by 57.0 percent in the previous month compared to 55.9 in October. If it is greater than 50, it is indicative of a growth while if it is lower than anticipated, this means a contraction.  


The head of regional research at Emirates NBD, Khatija Haque,  said that the fourth quarter will most likely be strong since companies and households purchase more goods prior to the beginning of the 5 percent value-added tax in January.Yet, she also mentioned that the subdued employment growth and lesser wage growth suggests it to be a short-term expansion.


The output growth increased by 64.3 in November which is a record-high since February 2015 from 60.5 two months ago. However, the employment growth declined to 50.9 from 51.3. Output prices dropped for a third consecutive month in November while the inflation of input price slightly augmented.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.