UAE non-oil sector sees fastest growth since December 2024

The UAE's non-oil private sector recorded its fastest improvement in business conditions since December 2024 in August, with the S&P Global PMI rising to 55.3 from 52.7 in July. New business increased at the joint-fastest pace in over two years, supported by stronger customer activity and easing economic caution. Output growth hit a six-month high, while export demand rose for a second consecutive month. Businesses are increasingly turning to domestic suppliers to reduce geopolitical exposure, helping shorten delivery times and ease input cost inflation to its lowest level since February. Dubai's PMI also jumped to 54.1, and business expectations for the coming year reached their highest level since April.