PMI
The Purchasing Managers' Index fell to 49.2 from 50.1 in February
Saudi Arabia's PMI recorded 58.4 in February, down from its strongest reading in just over a decade of 60.5 in January
The reserves were recorded at $47.109 billion in December
January's figure, highest since November 2020, rose due to improved market conditions and lower costs
The Dubai PMI climbed to 53.9 in November, up from 53.2 in October but slightly below the UAE's 54.2
Increases in jobs and wages remain among fastest on record
October data signaled continued investment in staff to boost capacity and retain skilled and experienced staff
Dubai's PMI signaled a robust expansion in business conditions across the non-oil private sector last month
Firms in the UAE experienced a record increase in outstanding business levels in May, the report highlighted
The growth rates exceeded those of the post-COVID recovery in mid-2020
PMI data shows growth in export orders, slow employment decline
