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Mensajepor Dalamar » 05 Mar 2013 11:44

Business activity in the United Arab Emirates' non-oil private sector edged up in February from the previous month, while output growth climbed to a 21-month high, a purchasing managers' survey showed on Tuesday.

The HSBC UAE Purchasing Managers' Index, which measures the performance of the manufacturing and services sectors, rose to 55.4 points last month from 55.0 in January.

The adjusted index remains above the 50-point mark which separates growth from contraction, the survey of 400 private sector firms showed.

"This is another strong reading that provides further evidence that the upswing in UAE economic activity is continuing to build momentum," said Simon Williams, chief economist for the Middle East at HSBC.
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