The Economist of the Middle East
Inflationary pressures eased on the private sector in July, according to data from the S&P Global Purchasing Managers’ Index. The non-oil private sector in Dubai continued to grow rapidly in July, aided by an increase in new business in the emirate.
The index increased from 56.1 to 56.4 points in July, its best monthly performance since June 2019.
The data showed that operating cost inflationary pressures fell for the first time in four months, with the month of June seeing the fastest rise in production input prices in nearly four and a half years.
