{"id":45228,"date":"2015-12-07T11:51:21","date_gmt":"2015-12-07T11:51:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=45228"},"modified":"2015-12-07T11:51:21","modified_gmt":"2015-12-07T11:51:21","slug":"uae-november-non-oil-business-growth-rebounds-pmi","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/uae-november-non-oil-business-growth-rebounds-pmi\/","title":{"rendered":"UAE November non-oil business growth rebounds: PMI"},"content":{"rendered":"<p>Business activity growth in the United Arab Emirates&#8217; non-oil private sector accelerated in November from a 30-month low the previous month, a survey showed on Monday. <\/p>\n<p>The seasonally adjusted Emirates NBD UAE Purchasing Managers&#8217; Index, which covers manufacturing and services, rose to 54.5 last month from 54.0 in October. A level above 50 indicates expansion. <\/p>\n<p>&#8220;The rebound in the November PMI, and particularly the strength of output and new order growth, is encouraging,&#8221; said Khatija Haque, head of regional research at Emirates NBD. <\/p>\n<p>&#8220;While the PMI data points to slower non-oil growth in the UAE this year relative to 2014, it is important to recognise that the non-oil economy is still expanding at a solid rate despite the sustained weakness in oil prices, tighter liquidity conditions and increased uncertainty about government spending in the region as we head into 2016.&#8221; <\/p>\n<p>Output growth rebounded to 58.1 from 56.9, although new order growth edged down to 57.5, the lowest subindex reading since April 2012, from 57.6. <\/p>\n<p>Employment growth accelerated to 52.5. Output prices fell for the first time in three months, while input price inflation slowed to its lowest level in five months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business activity growth in the United Arab Emirates&#8217; non-oil private sector accelerated in November from a 30-month low the previous month, a survey showed on Monday. The seasonally adjusted Emirates NBD UAE Purchasing Managers&#8217; Index, which covers manufacturing and services, rose to 54.5 last month from 54.0 in October. A level above 50 indicates expansion. &#8220;The rebound in the November PMI, and particularly the strength of output and new order growth, is encouraging,&#8221; said Khatija Haque, head of regional research at Emirates NBD. &#8220;While the PMI data points to slower non-oil growth in the UAE this year relative to 2014, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-45228","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/45228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=45228"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/45228\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=45228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=45228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=45228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}