The Purchasing Managers’ Index (PMI) in Dubai rose last May to the highest level since June 2019, with employment rates increasing at the fastest pace since the end of last year, according to S&P Global.
The index rose to 55.7 points in May, up from 54.7 points in April. In addition, the employment index increased from 49.8 points in April to 50.6 points in May, the highest level since December 2021.
In detail, output increased at the fastest rate since December, but total new orders increased at a quicker rate, with both local and international demand increasing.
Furthermore, while job creation increased at the quickest rate in seven months, it was insufficient to overcome company capacity limitations, with backlogs increasing at the fastest rate in eight months.
