Abu Dhabi's economic performance dipped in the first quarter of the year, the results of a newly launched business cycle indicator in the capital show.
Weakening business and household sentiment helped draw to the indicator down compared with the same period last year, according to the new index from the Abu Dhabi Department of Economic Development (DED).Officials say the DED's Abu Dhabi Business Cycle Indicator will provide the most accurate and timely gauge of the health of the emirate's economy.Published every quarter, the index is a composite of five individual indicators: the number of new business registrations from the Abu Dhabi Chamber of Commerce and Industry; firms' assessments of the current business situation; data on personal income; the performance of stocks on the Abu Dhabi Securities Exchange; and oil prices.
For more information visit Dubai real estate
0 comments:
Post a Comment