Prasad: Regional PMI in April Affected by Ceasefire
UAE’s PMI numbers for April fell to 52.1 compared to 52.9 in March, the lowest reading since February 2021. Meanwhile Saudi Arabia reported a rise in April numbers to 51.5 compared to 48.8 in March. Aathira Prasad, Macroeconomics Director at Nasser Saidi & Associates spoke to Bloomberg’s Horizons Middle East & Africa anchor Joumanna Bercetche about the numbers and how businesses are adjusting to the “new normal”. (Source: Bloomberg)
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