Business activity across the UAE’s non-oil private sector strengthened in February, reaching its fastest pace in a year as companies reported rising demand, strong new orders and improving supply chain conditions.

The S&P Global UAE Purchasing Managers’ Index rose slightly from 54.9 in January to 55.0 in February, marking its highest reading in 12 months and signalling a solid expansion in business conditions.

Output growth accelerated to its fastest pace since April 2024, supported by a steady flow of new work and continued momentum in sectors including construction, real estate, logistics and technology.

David Owen, Senior Economist at S&P Global Market Intelligence, said the data reflects a positive start to the year for the domestic economy.

“The UAE PMI signalled the strongest growth in non oil business conditions for a year in February, with output increasing rapidly in response to strong inflows of new work.”

Companies reported a steep increase in new orders during February, with demand supported by a combination of tourism growth, expanding e commerce channels and rising interest in artificial intelligence related products.

Source: Gulf news