Mubasher: The Purchasing Managers’ Index (PMI) data for the UAE, Saudi Arabia, and Egypt indicated the above the neutral 50 level while showing downward performance for February 2025, according to a report by Emirates NBD Research.
The S&P Global PMI survey for the UAE was unchanged at 55 in February, yet being well above the neutral 50 level that delineates contraction and expansion.
The Dubai S&P Global PMI survey dipped to a three-month low in February after falling to 54.3, compared to 55.3 in January 2025.
The Riyad Bank PMI survey for Saudi Arabia cooled from the over a decade high seen in January, yet remained indicative of a non-oil private sector economy that is firing on all cylinders. The headline index stood at 58.4 in February this year, down from 60.5 month-on-month (MoM).
Meanwhile, Egypt logged a second consecutive month of expansionary readings on its S&P Global PMI survey for February, albeit marginally as the headline index posted a result of 50.1 which was down from 50.7 in the previous month.
