FX.co ★ UAE Private Sector Momentum Strengthens as July S&P Global Composite PMI Rises to 52.7

The United Arab Emirates’ non-oil private sector showed a stronger expansion in July 2026, as the S&P Global Composite PMI rose to 52.7, up from 50.8 in June 2026. The latest reading, updated on 05 August 2026, signals a more solid improvement in overall business conditions across the country.

The move from 50.8 to 52.7 indicates that the UAE economy has shifted from a marginal expansion to a more pronounced uptick in activity, with July’s figure clearly above the 50.0 threshold that separates growth from contraction. This suggests improving demand dynamics and potentially higher output across key sectors tracked by the composite index.

With the July data confirming a firmer growth trajectory, the latest PMI reading points to rising confidence in the UAE’s private sector outlook during the middle of 2026, adding to signs of resilience in the country’s broader economic performance.