UAE PMI data shows employment declined in August

Dubai: The Emirates NBD UAE Purchasing Managers’ Index, a composite indicator of operating conditions in the non-oil private sector of economy, fell to 55 in August, down from 55.8 in July.

The employment index of the PMI survey fell to 49 in August signalling a modest average decline in jobs last month, the first time this has happened since the series began in August 2009.