Economics
UAE Business Conditions Worsen for Second Straight Month
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Business conditions in the United Arab Emirates deteriorated for a second straight month in November amid subdued demand.
Non-oil private sector activity in the Gulf nation worsened last month partly due to the first decline in output since May, weak market conditions and lower customer numbers, according to IHS Markit. Its Purchasing Managers’ Index was unchanged from October at 49.5, staying below the 50 mark that separates contraction from growth.