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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