UAE Non-Oil Firms Raise Prices at Record Pace in October

The UAE non-oil private sector expanded strongly in October with new orders accelerating. Output prices rose at the fastest rate in the survey history as input costs climbed.

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FILE PHOTO: The UAE flag is seen in front of the Dubai International Financial Centre in Dubai November 10, 2013. REUTERS/Omr Mohamed/File Photo

The United Arab Emirates non-oil private sector expanded in October as new orders accelerated and firms raised prices at a record pace. The expansion followed strong momentum across construction, retail, tourism, and manufacturing. Investors are tracking how surging input costs will impact profit margins heading into the final quarter.