UAE Non-Oil Growth Slows to Five-Year Low as June PMI Falls
The UAE’s private-sector expansion remained positive in June, but weaker activity, cautious client spending and competition pulled the PMI close to neutral.
The UAE’s private-sector expansion remained positive in June, but weaker activity, cautious client spending and competition pulled the PMI close to neutral.
Domestic demand and project approvals lifted Saudi Arabia’s non-oil PMI in June, but export weakness and cost pressure show that growth remains uneven.