A gauge of the Dubai economy says the emirate’s business conditions improved in March amid gains in output, new orders and employment. The latest Emirates NBD Dubai Economy Tracker says that the wholesale and retail, travel and tourism and construction industries led the advance, which capped the index’s strongest quarter since the first quarter of 2015.
The index rose to 56.6 in March from 56.2 in February.
Emirates NBD sponsors the monthly survey of business conditions in the emirate’s non-oil private sector by Markit, a financial information services company. A reading above 50 suggests that the non-oil economy is growing, while a reading below 50 suggests that it is contracting.
News Source:Dubai business conditions at best in two years, study says
