
The UAE’s non-oil private sector grew steadily in June even as regional tensions weighed on demand, and firms ramped up output to tackle backlogs, a survey showed on Thursday.
The seasonally adjusted S&P Global UAE Purchasing Managers’ Index (PMI) edged up to 53.5 in June from 53.3 in May, signalling continued growth in the sector, but new orders increased at their slowest pace in nearly four years.
The subindex for