FX.co ★ UAE Non-Oil Sector Growth Hits 9-Month High

The S&P Global UAE PMI experienced a notable ascent in November 2025, reaching 54.8 from October's 53.8, signaling the most robust enhancement in non-oil private sector conditions witnessed over a span of nine months. This uptick was driven by strengthened demand and a resurgence in new business, with sales growth accelerating to its swiftest rate since January. Output saw a significant expansion, achieving the highest increase recorded in 2025 as companies intensified their activities to accommodate the growing workload. Employment growth surged to an 18-month high, fueled by pressures on capacity and delays in payments that contribute to accumulated backlogs. However, the acceleration in hiring contributed to a significant rise in wage costs, resulting in the sharpest increase in total input expenses in 14 months. Companies responded by modestly raising selling prices, aided by a favorable market landscape. Business confidence slightly improved from October's recent low, with firms noting stronger order pipelines and supportive demand conditions, even in the face of persistent cost challenges.