The non-oil private sector economy in the UAE expanded at the weakest pace in more than five years amid inflationary pressures and supply chain constraints caused by the Middle East war, survey data from S&P Global showed on Tuesday.
The purchasing managers' index for the non-oil private sector economy dropped to 52.1 in April from 52.9 in March. Nonetheless, a score above 50 indicates expansion in the sector, and the latest reading marked the softest improvement in operating conditions since February 2021.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.