Dubai’s private sector business conditions improved in March

Dubai: Dubai Economy Tracker (DET) data for March signalled an improvement in business conditions across Dubai’s non-oil private sector with sharp growth in both output and new work contributing to the latest expansion.

While the employment slipped into contraction for the first time since February last year, the DET index slipped marginally to 55.3 in March from 55.8 in February.

Growth was recorded across all three monitored sub-sectors in March, led by travel & tourism (56.7), followed by wholesale & retail (56.3) and construction (53.2).