S&P Global: UAE non-oil sector hits 4-month high in July

The seasonally adjusted PMI rose to 52.7 in July from 50.8 in June.

The non-oil private sector in the UAE improved in July 2026, with the Purchasing Managers' Index (PMI) logging the fastest growth rate in four months, according to a report by S&P Global.

The seasonally adjusted PMI—a composite index that provides an accurate overview of private non-oil sector operating conditions—rose to 52.7 in July from 50.8 in June, marking the highest reading since March and remaining above the 50-point threshold that separates growth from contraction.

This improvement was supported by new orders climbing to a five-month high, increased customer spending, and easing regional tensions. Meanwhile, export orders saw their first increase since March.

However, the report indicated that supply chain disruptions and ongoing elevated cost pressures continued to pose challenges for companies, despite a slight improvement in delivery times. Business confidence weakened as competitive pressures persisted, limiting firms' ability to raise prices.