14 March 2017
1 mins clock icon

PMIs - A closer look

In this note, we shed some light on what exactly the PMIs are telling us about economic activity and explore how well they reflect real GDP growth.

By Khatija Haque

shutterstock_362402573

Over the last three months, the Emirates NBD UAE and Saudi Arabia Purchasing Managers’ Indices (PMIs) and the Dubai Economy Tracker Index (DETI) have pointed to accelerating growth in the two biggest GCC economies.  For many commentators and residents, this has been difficult to reconcile with lower oil prices, government spending cuts, lack of employment opportunities, and a perceived ‘slowdown’ in economic activity. 

In this note, we shed some light on what exactly the PMIs are telling us about economic activity and explore how well they reflect real GDP growth.  As the Dubai Economy Tracker Index is calculated in the same way as the country PMIs, we have included it in this analysis.   

Click here to view the full report.

 

Written By

Khatija Haque Head of Research & Chief Economist


There was an error during your feedback!

Your feedback is valuable to us and will help us improve.

More from Khatija Haque

Related Articles

Subscribe to our newsletter and stay updated on the markets

There was an error during your newsletter subscription!

Please try again to stay updated with all the latest financial news and valuable insights.

Thank you for newsletter subscription!

To stay updated with all the latest financial news and valuable insights.