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The level of business confidence (private sector confidence) in the Dubai economy has reached the highest level of the history of the Emirates NBD index to follow the evolution of the economy in Dubai since April 2012. It is a seasonally adjusted composite index on operating conditions in the non-oil private sector economy.
Non-oil private sector conditions in Dubai improved considerably in June thanks to the expansion of expansion in the wholesale, retail and construction sectors, June in the light Strong project flow Main Although the main indicator of the economic movement in Dubai has declined slightly from last May's peak, growth in travel and tourism has decreased
[19659002] The NBD Emirates index to monitor the movement of the economy One point in May to 56 points in June. Although the main index fell from the May record, it remained at a strong expansion level above the historical average.
Wholesale and Retail
The wholesale and retail trade sector was the best performer in June. (57.1 points), followed by travel and tourism (54.9 points).
A reading of less than 50.0 indicates that the nonproducer private sector economy is in decline in general. There is a general expansion.
The study looks at the non-oil private sector economy in Dubai, with additional sectoral data published in the tourism and travel, wholesale and retail trade, and construction sectors.
As business growth fell from the peak of 40 months in June, the expansion continued. In addition, the recent improvement continues the increase in current production that began in March 2016. Many companies have said that business conditions are favorable and that new companies are growing strongly, which explains why business growth.
In the last study. The growth rate was weak overall and in line with what was recorded in May. Mobile evidence suggests that some companies have hired additional staff for new projects, and companies that have reduced their staff have reduced costs.
New Business
June data showed a clear expansion in the new non-oil private sector activity in Dubai. Although the growth rate has been lower than in May, it remains broadly solid and above the long-term average.
Business expectations in June improve at the highest level since the beginning of the index in April. "The decline in key readings in the index of the Emirates NBD," said Khadija Haq, head of research Middle East and North Africa at Emirates NBD. Emirates NBD to monitor the move of the economy in Dubai in June, witnessed The new indicators of activity and production rose sharply, reflecting strong demand.
The wholesale and retail sectors performed well, especially last month, partly because of Eid holidays. The significant improvement in the building environment is consistent with our vision of the importance of infrastructure investment as a driver of economic growth this year.
Price
Promotional efforts in the private non-oil sector, although the level of price reduction was marginal overall The average cost burden has increased at a rate slower in the last study period As producer input prices continued to rise for the third consecutive month, cost pressures were the lowest in this series. [19659002]
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