UAE’s non-oil private sector sees robust growth in March

UAE’s non-oil private sector saw robust growth in March, driven by a surge in new orders, despite challenges like administrative delays and supply constraints due to the Red Sea shipping crisis, per the latest PMI survey.

Backlogs of work hit a near 15-year high. Business sentiment improved, but margins suffered due to heightened competition.

The S&P Global UAE Purchasing Managers’ Index (PMI) stood at 56.9, signaling continued strong growth.

Demand remained strong, with increased order volumes and export sales. Nearly 31 per cent of respondents reported an increase in activity during the survey period, attributing growth to both higher new orders and ongoing projects in their pipelines, as well as promotional initiatives.