Growth in the non-oil private sector in the United Arab Emirates slowed for a second consecutive month in December, while output growth slid to a 15-month low, a survey showed on Wednesday.
The seasonally adjusted S&P Global UAE Purchasing Managers' Index fell to 54.2 in December from 54.4 in November, in line with the series average.
"While domestic demand conditions are holding up relatively strong, weakness in the global economy led to a first decrease in new export business since August 2021." The new orders subindex fell to 55.5 from 55.7 in November and the employment index also eased, falling to 50.6 last month from 51.5 in November.
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