UAE non-oil producing companies maintained a strong level of activity growth in the month of April, according to the latest data from the Standard's Core Purchasing Managers' Index (PMI) & Poor's Global) in the UAE, which fell from 54.8 points in March to 54.6 points in April, the lowest level in 3 months.
The strong growth in the activity of non-oil companies was supported by improved customer demand and a sharp rise in exports, but the high energy prices due to the war in Ukraine and the disruption caused by the epidemic caused In a strong increase in the costs of companies' production inputs, which prompted companies to increase selling prices for the first time in 9 months.
The report stated that the expansion of corporate activity was the fastest since December 2021.
