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Gulf whole-economy PMI rises to 53.6 in August: Capital Economics

Capital Economics says the Gulf non-oil economy strengthened in August. Its GDP-weighted whole-economy PMI rose to 53.6 from 52.5 in July, with recovery uneven across the region and activity below pre-…

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The Gulf's non-oil economy strengthened in August, although the recovery remained uneven across the region, Capital Economics says.

Its GDP-weighted measure of Gulf whole-economy PMIs rose to 53.6 from 52.5 in July, suggesting the month marked further progress even though activity remains below pre…