UAE non-oil sector growth hits 12-month high in February
#UAE economy #Non-oil growth #PMI index #Business expansion #Inflation trends #Dubai economy #S&P Global #Economic indicators
📌 Key Takeaways
- UAE non-oil sector growth reached 12-month high in February 2026
- Business activity increased at sharpest rate since April 2024
- New orders rose steeply, driven by tourism, e-commerce, and AI products
- Input price inflation slowed to weakest pace since October 2025
- Dubai's non-oil sector employment rose at fastest pace in two years
📖 Full Retelling
S&P Global reported that the UAE's non-oil private sector expanded at its fastest pace in 12 months during February 2026, with the Purchasing Managers' Index rising to 55.0 from 54.9 in January, marking the highest reading since February 2025, driven by a supportive demand environment, successful contract work, targeted marketing efforts, and growth in construction, real estate, logistics and technology sectors. Business activity increased at the sharpest rate since April 2024, with new orders rising steeply, only slightly below January's near two-year high. Companies attributed this growth to increased tourism, expansion of e-commerce channels, and rising demand for AI-related products, while export sales remained modest, suggesting domestic demand was the primary driver of expansion. The rate of accumulated work quickened markedly as firms undertook new projects and reported high order inflows, along with administrative backlogs and shipment checks, while employment numbers rose modestly to mark the largest increase in staffing capacity during the survey period.
🏷️ Themes
Economic Growth, Business Expansion, Inflation Trends, Regional Development
📚 Related People & Topics
Economy of the United Arab Emirates
The United Arab Emirates is a high-income developing market economy (Open market economy), which also advocates for Islamic economics. Its economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) ...
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry South Korean stock trading temporarily halted as KOSPI slides over 11% Asia stocks slide amid Iran tensions, mixed China PMIs; S.Korea slumps 11% Stocks close in the red as widening Middle East conflict sparks inflation fears Gold slips on stronger dollar; safe haven demand remains high amid Iran conflict (South Africa Philippines Nigeria) UAE non-oil sector growth hits 12-month high in February By Editor Maria Ponnezhath Economic Indicators Editor Maria Ponnezhath Published 03/03/2026, 11:56 PM UAE non-oil sector growth hits 12-month high in February 0 Investing.com -- The UAE non-oil private sector expanded at its fastest pace in 12 months during February, according to data released Wednesday by S&P Global. The S&P Global UAE Purchasing Managers’ Index rose to 55.0 in February from 54.9 in January, marking the highest reading since February 2025. A reading above 50 indicates expansion in business conditions. Business activity increased at the sharpest rate since April 2024, driven by a supportive demand environment, successful contract work, targeted marketing efforts and growth in construction, real estate, logistics and technology sectors, according to survey respondents. New orders rose at a steep pace in February, only slightly below January’s near two-year high. Companies cited increased tourism, expansion of e-commerce channels and rising demand for AI-related products as contributing factors. Export sales growth remained modest, suggesting domestic demand was the primary driver. Outstanding work accumulated at a steep rate as firms undertook new projects and reported high order inflows, along with administrative backlogs and checks on shipments. The rate of accumulation quickened markedly from January’s two-year low. Employment numbers rose modestly in February, marking the largest increase in staffing capacity during the period covered by the survey. The data collection took place from February 5-23...
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