FX.co ★ UAE Non-Oil Sector Growth Hits 7-Month High

In September 2025, the S&P Global UAE PMI climbed to 54.2, an increase from August's 53.3, reaching its highest point since February. This rise was propelled by new orders expanding at the fastest rate in seven months, recovering from the previous month's four-year low. The surge was driven by stronger demand, enhanced client engagement, and the initiation of new projects, resulting in a substantial boost in output. In response, firms accelerated their hiring, marking the sharpest employment growth since May. Even though backlogs of work continued to grow, the recent increase was the second smallest in the past 20 months. Purchasing activity bounced back in September after experiencing its first decline in over four years the month before. Additionally, delivery times improved to the best levels recorded in five months. Despite these advancements, companies remained cautious about their inventory levels. As for pricing, output price inflation eased in September, with competitive pressures for new work restricting firms' capacity to transfer higher costs to consumers. Nevertheless, the outlook for the coming year stayed strongly optimistic.