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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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The private sector in the UAE is growing at its fastest pace in 34 months

rocky
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The private sector in the UAE is growing at its fastest pace in 34 months Empty The private sector in the UAE is growing at its fastest pace in 34 months

Post by rocky Thu 04 Jan 2018, 2:52 am

The private sector in the UAE is growing at its fastest pace in 34 months

The private sector in the UAE is growing at its fastest pace in 34 months 4751
The private sector in the UAE is growing at its fastest pace in 34 months Text The private sector in the UAE is growing at its fastest pace in 34 months Html The private sector in the UAE is growing at its fastest pace in 34 months Print
The private sector in the UAE is growing at its fastest pace in 34 months Arrow Arab and international
Economy News _ Baghdad
Economic data for December showed that the UAE's non-oil private sector posted a strong end of 2017, with trade conditions improving at the fastest pace in 34 months.
The recent improvement was the result of sharp expansions in production and new orders coupled with robust growth in export orders. Inflation pressures declined during December, while sales prices fell for the fourth month in a row.
The study, sponsored by IHS Markit, contains original data from a monthly study of the commercial conditions in the UAE's non-oil private sector.
"The non-oil sector in the UAE has witnessed sharp growth in the last two months of the year, largely due to strong growth in production and new orders," said Khadija Haq, Head of Research, Middle East and North Africa, Emirates NBD. The entry into force of VAT in January contributed to the revitalization of movement and purchases during the fourth quarter 2017 in line with our expectations.
However, employment rates and salary growth levels continue to be the same, not only during December, but throughout 2017. "
The Emirates NBD PMI, a seasonally adjusted composite index to provide an accurate overview of operating conditions in the non-oil private sector, rose from 57.0 points to 57.7 points in December, Led to a sharp improvement in the commercial situation in the non-oil private sector. Moreover, the pace of expansion was the fastest since February 2015.
Non-oil private sector companies in the UAE pointed to a sharp growth in production during the last study period. The pace of expansion remained strong in the context of historical data, although it has fallen since November's 33-month high.
The growth of new orders accelerated to a 35-month high in December. The expansion rate was sharp in its entirety and significantly higher than the historical average of the series. Many members of the Committee commented on the strength of the level of demand, while others pointed to an increase in new business flows from government sources.
The new export orders resumed during the last study period after shrinking in November. Moreover, the growth rate was strong overall and was the strongest recorded rate in nine months. According to movable evidence, demand from neighboring Gulf countries rose in December.
In response to increased demand for production, companies continued to recruit additional staff in the non-oil private sector. The latest data came to extend the current 20-month job creation period. However, the employment rate remained modest in the context of historical data.
On the price side, prices of production inputs continued to increase in December, in line with the trend since June. However, inflation fell to its lowest level in three months.
In contrast to prices of production inputs, product prices fell in December. As companies cut their sales prices to stimulate customer demand, according to the reports of committee members. However, the price reduction rate was modest in its entirety.
Growth in purchasing activity remained sharp during the study period in December. Non-oil private sector companies in the UAE increased their purchases in anticipation of increased demand for production.





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