FOREX TradingCharts.com

Financial News: Dubai Private Sector Growth Improves In October

Dubai Private Sector Growth Improves In October

11/11/2019 - 06:37:00 (RTTNews)

(RTTNews) - Dubai's non-oil private sector expanded at a faster rate in October, amid gains in new work and employment, survey data from IHS Markit showed on Monday.

The seasonally adjusted purchasing managers' index, or PMI, increased to 54.6 in October from 52.6 in September. Any reading above 50 indicates expansion in the sector.

"Business conditions in Dubai strengthened at an accelerating pace in October, as the headline PMI rose for the second month running from August's recent low," David Owen, Economist at IHS Markit, said.

New order growth rose for the first time in five months in October amid higher demand. Travel and tourism business grew, while sales growth at construction and, wholesale and retail firms weakened.

Selling charges fell for the eighteenth straight month and at the steepest rate since February 2016. Total input costs dropped fractionally in October.

Businesses expanded their output levels sharply, amid a rise in new work in October.

Employment level rose for the second month in a row in October, and the rate of job creation strengthened to the highest in twenty-one months.

Dubai's non-oil firms built up their inventories at the beginning of the fourth quarter, at the fastest rate since April, and firms' projections for future output improved in October.

Data for the latest survey was collected between October 11 and 25.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Finland Inflation Steady In November (37 min(s), 36 sec(s) ago)
(RTTNews) - Finland consume price inflation remained stable in November, data from Statistics Finl ...Full Story»

Dutch Retail Sales Growth Slows In October (51 min(s), 36 sec(s) ago)
(RTTNews) - Dutch retail sales growth slowed in October after rising in the previous month, figure ...Full Story»

Malaysia Jobless Rate Falls In October (01 hr(s), 50 min(s), 36 sec(s) ago)
(RTTNews) - Malaysia's unemployment rate fell marginally in October, data from the Department ...Full Story»

Japan Industrial Production Falls In October (02 hr(s), 09 min(s), 36 sec(s) ago)
(RTTNews) - Japan's industrial production declined more than initially estimated in October, f ...Full Story»

BoJ Tankan Survey On Tap For Friday (14 min(s), 24 sec(s) ago)
(RTTNews) - The Bank of Japan will on Friday see Q4 results for its quarterly Tankan Survey of bus ...Full Story»

Lagarde Assures Own Style At ECB (23 min(s), 24 sec(s) ago)
(RTTNews) - European Central Bank's new chief Christine Lagarde said on Thursday that her styl ...Full Story»

Lagarde Assures Own Style At ECB (25 min(s), 24 sec(s) ago)
(RTTNews) - European Central Bank's new chief Christine Lagarde said on Thursday that her styl ...Full Story»

U.S. Producer Prices Unchanged In November, Core Prices Unexpectedly Dip (21 min(s), 24 sec(s) ago)
(RTTNews) - With higher prices for goods offsetting lower prices for services, the Labor Departmen ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Finland Inflation Steady In November

12/13/2019 - 01:38 AM (RTTNews)
(RTTNews) - Finland consume price inflation remained stable in November, data from Statistics Finl ...Full Story>>

Dutch Retail Sales Growth Slows In October

12/13/2019 - 01:24 AM (RTTNews)
(RTTNews) - Dutch retail sales growth slowed in October after rising in the previous month, figure ...Full Story>>

Malaysia Jobless Rate Falls In October

12/13/2019 - 00:25 AM (RTTNews)
(RTTNews) - Malaysia's unemployment rate fell marginally in October, data from the Department ...Full Story>>

Japan Industrial Production Falls In October

12/13/2019 - 00:06 AM (RTTNews)
(RTTNews) - Japan's industrial production declined more than initially estimated in October, f ...Full Story>>

BoJ Tankan Survey On Tap For Friday

12/12/2019 - 17:30 PM (RTTNews)
(RTTNews) - The Bank of Japan will on Friday see Q4 results for its quarterly Tankan Survey of bus ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.