阿联酋非石油部门延续稳健增长势头

Core Insights - The UAE's non-oil private sector continues to expand as of December 2025, driven by an increase in new orders and improved market conditions [1] Group 1: Economic Indicators - The seasonally adjusted S&P Global UAE Purchasing Managers' Index (PMI) for December stands at 54.2, slightly down from November's nine-month high but still close to the long-term average, indicating a "robust improvement" in the sector [1] - Over a quarter of businesses reported a month-on-month increase in output, reflecting positive trends in customer spending, tourism activity, and technological adoption [1] Group 2: Cost Pressures - There is a notable rise in cost pressures, with input prices experiencing the fastest increase in 15 months, driven by higher wages, transportation, and maintenance costs [1] - Companies have raised selling prices for the sixth consecutive month in response to these cost pressures [1] Group 3: Business Confidence - Despite generally positive business expectations, overall business confidence is at a near three-year low, with market competition and uncertainty posing significant constraints [1]