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Investing.com -- The United Arab Emirates’ non-oil private sector saw a slowdown in growth last month, according to a survey released on Friday.
This slowdown indicates a weakening in demand within the Gulf region’s most diverse economy.
The S&P Global Purchasing Managers’ Index (PMI), which is adjusted for seasonal changes, fell to 54.0 in March from 55.0 in February.
The growth in new orders also decelerated for the third month in a row. The new orders index dropped to 56.3 in March from 57.3 in February, registering the weakest reading since October.
David Owen, a senior economist at S&P Global Market Intelligence, suggested that some companies might be facing difficulties in achieving their sales targets.
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