Dubai-Mubasher: Dubai’s private sector saw a “robust improvement” in overall business conditions during May 2016, registering the fastest growth since March 2015.
Emirates NBD Dubai Economy Tracker index rose to 54.5 in May from 52.7 in April, according to a statement.
“The improvement in the Dubai Economy Tracker in May was due mostly to strong growth in output and new work, which is encouraging as it suggests that demand remains robust,” according to Khatija Haque, Head of MENA Research at Emirates NBD.
“Margins are still being squeezed as firms reduce prices to secure new work, but business optimism remains high,” Haque added.
