{"id":28841,"date":"2025-01-07T12:10:24","date_gmt":"2025-01-07T12:10:24","guid":{"rendered":"https:\/\/arabbusinessconsultant.com\/blog\/?p=28841"},"modified":"2025-01-07T12:10:24","modified_gmt":"2025-01-07T12:10:24","slug":"dubai-private-sector-records-fastest-business-growth-in-nine-months","status":"publish","type":"post","link":"https:\/\/arabbusinessconsultant.com\/blog\/dubai-private-sector-records-fastest-business-growth-in-nine-months\/","title":{"rendered":"UAE Private Sector Sees Strongest Growth in 9 Months This December"},"content":{"rendered":"

Dubai Private Sector:<\/strong> Dubai’s Purchasing Managers’ Index (PMI) rose from 53.9 in November to 55.5 in December, marking its strongest growth in operating conditions in nine months.<\/p>\n

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Table of Contents<\/p>\nToggle<\/span>
The Rise of the UAE Private Sector<\/a><\/li>
UAE’s PMI Reaches its Highest Level in Nine Months<\/a><\/li>
Dubai Private Sector 2025 Forecast<\/a><\/li><\/ul><\/nav><\/div>\n
<\/span>The Rise of the UAE Private Sector<\/span><\/h2>\n
The improvement was driven by a rapid increase in production and new orders. Companies attributed this growth to higher customer demand and strong market activity. Both production and new orders grew at a faster pace compared to the overall UAE figures.<\/p>\n
This growth in new business activity had moderate increase in employment. Inputs stock declined for the second month running.<\/p>\n
Production prices had fallen both in October and November, began to increase in December. Yet despite these developments businesses in Dubai retained optimism with 6% firms anticipating that in 2025, production will be up by.<\/p>\n
<\/span>UAE’s PMI Reaches its Highest Level in Nine Months<\/span><\/h2>\n
The Purchasing Managers’ Index of the UAE stood at 55.4 points in December 2024, which is the same as November. This is the highest reading in nine months, indicating strong growth in the non-oil private sector.<\/p>\n
Strong demand conditions contributed to new business growing the fastest in nine months, further spurring growth in production. But limited expansions in workforce capacity only increased pressure on existing inventory with higher backlogs.<\/p>\n
Non-oil producers logged decreases in output prices for the third consecutive month, with companies targeting cuts in customer prices to drive sales.
\nInflation eased to its lowest point since March with slight increases in input prices.<\/p>\n
The seasonally adjusted PMI reached 55.4 in December, suggesting a robust expansion in the UAE’s non-oil private sector economy.<\/p>\n
Businesses reported positive market conditions at the end of the year, which helped them gain more customers and increase order volumes. New business activity increased by the most in nine months, although sales to foreign customers increased only marginally.<\/p>\n
Production expanded at its fastest pace since April 2024. Companies cited strong demand, ongoing projects, competitive pricing, and favorable weather as factors supporting their growth.<\/p>\n
Prices of average goods and services declined for the third straight month mainly because of competitive market conditions and efforts to boost growth. However, the pace of decline of prices in December was less steeper than in the earlier months.<\/p>\n
Read also: <\/strong>Dubai Ranked 8th in the Global Cities Power Index 2024<\/a><\/p>\n
<\/span>Dubai Private Sector 2025 Forecast<\/span><\/h2>\n
Non-oil businesses were buoyant about next year. Senior Economist at S&P Global Market Intelligence<\/a>, David Owen, explained that the UAE Private sector ended on a strong note in 2024, scoring its best growth in nine months.<\/p>\n
“The latest data showed a slowdown in input cost increases, while purchasing activity reached its highest level in 13 months. This could help businesses rebuild inventories after weaker growth earlier in the year,” Owen said.<\/p>\n
The UAE Private Sector is all set for more success in 2025 as strong demand and steady growth provide an excellent background for the continued prosperity.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dubai Private Sector: Dubai’s Purchasing Managers’ Index (PMI) rose from 53.9 in November to 55.5 in December, marking its strongest growth in operating conditions in nine months. The Rise of the UAE Private Sector The improvement was driven by a rapid increase in production and new orders. Companies attributed this growth to higher customer demand and strong market activity. Both production and new orders grew at a faster pace compared to the overall UAE figures. This growth in new business activity had moderate increase in employment. Inputs stock declined for the second month running. Production prices had fallen both in October and November, began to increase in December. Yet despite these developments businesses in Dubai retained optimism with 6% firms anticipating that in 2025, production will be up by. UAE’s PMI Reaches its Highest Level in Nine Months The Purchasing Managers’ Index of the UAE stood at 55.4 points in December 2024, which is the same as November. This is the highest reading in nine months, indicating strong growth in the non-oil private sector. Strong demand conditions contributed to new business growing the fastest in nine months, further spurring growth in production. But limited expansions in workforce capacity only increased…<\/p>\n","protected":false},"author":25,"featured_media":28842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[628],"tags":[],"class_list":["post-28841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts\/28841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/comments?post=28841"}],"version-history":[{"count":1,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts\/28841\/revisions"}],"predecessor-version":[{"id":28843,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts\/28841\/revisions\/28843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/media\/28842"}],"wp:attachment":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/media?parent=28841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/categories?post=28841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/tags?post=28841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}