UAE's non-oil sector grows fastest in 9 months

According to Amac News: Based on S&P Global, increasing demand, ongoing projects, discounted prices and favorable weather conditions were among the factors supporting business activities in the UAE.
The UAE's seasonally adjusted PMI rose for the third month in a row to 55.4 from 54.2 in December, the highest level in nine months.
Dubai's PMI also rose to 55.5 in December from 53.9 in November, marking the strongest growth in operating conditions in nine months.
For the third month in a row, non-oil companies in the UAE saw production costs fall in December, while reporting further efforts to cut customer costs and support sales growth.
David Owen, chief economist at S&P Global Market Intelligence, said the UAE saw its best growth in non-oil business conditions in nine months in December.
Purchase growth also reached its highest level in 13 months, which could help boost inventories after a weak trend in the second half of 2024.
Respondents to the year-end survey were hopeful of market conditions that helped them attract new customers and secure higher order volumes.