The UAE non-oil private sector grew at a stable pace in January, survey results from IHS Markit showed Wednesday.

The Purchasing Managers’ Index rose to 51.2 in January, same as seen in December. A score above 50 indicates expansion.

Output grew at a softer pace from December’s five-month high. New business and total sales increased in January.

Employment grew in January. Purchasing activity expanded and inventories increased.

Input costs declined at the fastest rate since April last year. Purchase price inflation eased.

“The rapid roll-out of COVID-19 vaccines in the UAE should help to restore confidence in markets over the first half of 2021, although firms were still relatively downbeat about future growth in January,” IHS Markit economist David Owen said.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.