UAE PMI Hits Nine-Month High in December, Signaling Robust Growth

In December 2024, the UAE’s non-oil private sector saw a strong performance with the PMI reaching 55.4, driven by increased client demand and rising business activity, particularly in Dubai where the PMI rose to 55.5. Despite workforce and inventory challenges, including subdued employment growth and rising input costs, firms remain optimistic about 2025 but express concerns about capacity strains. Sustained demand, softening input costs, and a need for increased workforce expansion position the UAE’s non-oil sector for further growth in the coming year.

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