Dubai: Business activity in the UAE dropped during September, putting the onus on them to get off to a solid start in October and which can continue through the final three months of 2024. This was the slowest in 3 years, according to new data.
On new job creation too, September proved to be a weak phase, recording the ‘weakest employment growth since December 2022’, according to the latest S&P Global PMI report. The slowdown in business activity meant a ‘weaker upturn in new orders and softer job creation’, the report adds. (The sentiments in December 2022 had to do with heightened worries about inflation hurting the global economy and what it would mean for businesses in the GCC and Middle East.)
