{"id":7559,"date":"2020-09-07T09:45:40","date_gmt":"2020-09-07T09:45:40","guid":{"rendered":"https:\/\/www.cssgroupsite.com\/lighthouse\/?p=7559"},"modified":"2020-09-08T07:48:32","modified_gmt":"2020-09-08T07:48:32","slug":"tentative-signs-of-recovery-in-the-uae-in-the-month-of-june","status":"publish","type":"post","link":"https:\/\/cssgroupsite.com\/lighthouse\/tentative-signs-of-recovery-in-the-uae-in-the-month-of-june\/","title":{"rendered":"TENTATIVE SIGNS OF RECOVERY IN THE UAE"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]<strong>IN THE MONTH OF JUNE<\/strong>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_single_image image=&#8221;7560&#8243; img_size=&#8221;full&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]For the first time since March 2020, the private sector activity recorded improvements in June. This has been due to ease in restrictions that had been initially imposed due to the COVID-19 pandemic. Though there has been a tentative rise in work orders, a reduced workforce is being done due to the pandemic. According to the latest Purchasing Manager Index (PMI) issued by the research firm-IHS, Markit, \u201cConfidence about the business outlook continued to improve, reaching the highest since March.\u201d<\/p>\n<p><strong>Hopeful signs with June scores<\/strong><\/p>\n<p>David Owen, an economist with the IHS Markit, has stated, \u201cThe latest survey data offered hopeful signs for the Dubai non-oil private sector.\u201d<\/p>\n<p>The IHS Markit numbers show the immediate beneficiaries to be the construction sector, wholesale, and retail sectors for the first time since March as they have shown significant \u201cactivity growth.\u201d These sectors have benefitted from the ease of restrictions, while the travel and tourism industry did not show a positive note.<\/p>\n<p>Another significant point that cannot be missed is that though more orders keep coming in, severely hit firm had laid off staff due to the pressure to lower costs. Since March, the drop in employment has been sharp and broadly in line with the average. This led to a record low in April, thereby showing that the business expectations were much weaker than before the onset of the COVID-19 pandemic.<\/p>\n<p>Owen reaffirmed, \u201cFirms direly need a boost to cash flow, as many have been left struggling with low revenues and high-cost burdens in June.\u201d<\/p>\n<p>Comparatively, June\u2019s 50 scores showed significant improvement on May\u2019s 46 reading. A score below 50 signifies an economy and business activity in contraction mode.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]IN THE MONTH OF JUNE[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_single_image image=&#8221;7560&#8243; img_size=&#8221;full&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]For the first time since March 2020, the private sector activity recorded improvements in June. This has been due to ease in restrictions that had been initially imposed due to the COVID-19 pandemic. Though there has been a tentative rise in work orders, a reduced workforce is being done &#8230; <a title=\"TENTATIVE SIGNS OF RECOVERY IN THE UAE\" class=\"read-more\" href=\"https:\/\/cssgroupsite.com\/lighthouse\/tentative-signs-of-recovery-in-the-uae-in-the-month-of-june\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[64],"tags":[],"class_list":["post-7559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TENTATIVE SIGNS OF RECOVERY IN THE UAE - Lighthouse<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cssgroupsite.com\/lighthouse\/tentative-signs-of-recovery-in-the-uae-in-the-month-of-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TENTATIVE SIGNS OF RECOVERY IN THE UAE - Lighthouse\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text]IN THE MONTH OF JUNE[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_single_image image=&#8221;7560&#8243; img_size=&#8221;full&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]For the first time since March 2020, the private sector activity recorded improvements in June. This has been due to ease in restrictions that had been initially imposed due to the COVID-19 pandemic. Though there has been a tentative rise in work orders, a reduced workforce is being done ... 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This has been due to ease in restrictions that had been initially imposed due to the COVID-19 pandemic. Though there has been a tentative rise in work orders, a reduced workforce is being done ... 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