Monday 05, November 2012 by Robin Amlôt
HSBC UAE PMI holds unchanged in October
The headline seasonally adjusted HSBC United Arab Emirates PMI – a composite indicator designed to provide a single-figure snapshot of the performance of the non-oil private sector – registered above the 50.0 no-change mark in October, signalling an improvement in overall operating conditions. At 53.8, unchanged from September, the PMI was above the series average of 52.7, and indicated a solid improvement overall.
