Vivian Nereim - BLOOMBERG.COM
The Emirates NBD Purchasing Managers’ Index for Saudi Arabia dropped to 53.9 in January, the lowest in the six-and-a-half year history of the survey, driven by slower expansion in new business. The United Arab Emirates PMI also showed a loss in growth momentum, slipping to 52.7 in January, a 46-month low. A reading above 50 still indicates expansion.
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The Emirates NBD Purchasing Managers’ Index for Saudi Arabia dropped to 53.9 in January, the lowest in the six-and-a-half year history of the survey, driven by slower expansion in new business. The United Arab Emirates PMI also showed a loss in growth momentum, slipping to 52.7 in January, a 46-month low. A reading above 50 still indicates expansion.
Read more>