UAE non-oil private sector growth dips in May, but outlook is positive: PMI
The firms surveyed said purchasing activity grew at slower pace than in April
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The firms surveyed said purchasing activity grew at slower pace than in April
Fastest increases in activity and new business in 2023 so far
The dollar has been rising since May 4. The DXY Index reached the 104.609 mark on the last day of spring, May 31. It hasn't soared this high since January 2023. As we have previously mentioned, two primary factors were propelling the American currency upwards.
Stock markets this week would be largely driven by macroeconomic data, auto sales numbers, FII inflows and global trends.
Although global demand remains subdued, there has been an uptick since December's trough, while the trend actually improved slightly in North America in April, indicating some economic... | May 15, 2023