Business activity in the UAE’s non-oil private sector accelerated in February, with the S&P Global UAE Purchasing Managers’ Index rising from 54.9 in January to 55.0 – its highest level in a year. The data signals strong expansion driven by rising demand, new orders and improving supply chain conditions.
According to S&P Global, sectors including construction, real estate, logistics and technology reported steady growth as domestic demand strengthened. Tourism growth, expanding e-commerce activity and rising interest in artificial intelligence products also supported sales momentum.
Companies increased hiring to meet higher workloads, while a surge in new contracts led to a buildup of outstanding orders. Economists said the latest PMI reading reflects a strong start to the year for the UAE’s diversified economy.
Gulf Economist Staff Writer