UAE non-oil firms sharply raised prices in October amid rising confidence

“UAE non-oil firms sharply raised prices in October amid rising confidence”

UAE non-oil businesses sharply raised their selling prices in October as firms passed on an increase in operating costs to consumers, while confidence among companies also soared last month. The seasonally adjusted S&P Global UAE Purchasing Managers' Index in September eased slightly to 54.8 in October, compared to 55.3 last month . But it remained above the 50 mark that indicates growth in economic activity. Output prices were raised at the “sharpest rate” since the survey began in August…