UAE non-oil PMI eases to 54.8 as price pressures intensify

RIYADH: The UAE’s non-oil private sector continued expanding in October, with new orders picking up and businesses raising selling prices at a record pace to pass on higher operating costs. According to the latest S&P Global Purchasing Managers’ Index, the Emirates’ PMI stood at 54.8, down slightly from 55.3 in September, but well above the 50 mark, which signals expansion…