阿联酋ADX综合指数 (ADXGeneral) 加自选

标准普尔全球阿拉伯联合酋长国采购经理人指数从前两个月的54降至2025年5月的53.3，为2021年9月以来的最低水平。尽管有所放缓，但公司继续受益于强劲的客户需求，尽管一些公司将竞争压力和贸易疲软（由于美国关税）列为影响增长的因素。新订单增长有所放缓，但仍保持强劲。产出也有所增长，但增速为近四年来最低。投入品采购的增长速度放缓至28个月来的最低点，导致库存大幅削减，这是有史以来最快的。从更积极的方面来看，就业人数上升至一年来的最高水平，而积压的工作则放缓至16个月以来的最低水平。在价格方面，投入成本通胀降至2023年12月以来的最低水平，但销售价格已连续第五个月上涨。最后，乐观情绪降至1月以来的最低水平，只有约10%的企业预计未来一年会增长。

The S&P Global United Arab Emirates PMI edged down to 53.3 in May 2025, from 54 in each of the previous two months, marking its lowest level since September 2021. Despite the moderation, companies continued to benefit from strong client demand, although some firms cited competitive pressures and weaker trade—due to US tariffs—as factors weighing on growth. New orders growth eased but remained robust. Output also expanded, though at the slowest rate in nearly four years. The pace of growth in input purchasing eased to its weakest in 28 months, leading to a sharp cutback in inventories, which was the fastest on record. On a more positive note, employment rose to its highest in a year, while backlog accumulation slowed to a 16-month low. On prices, input cost inflation decelerated to its lowest since December 2023, however, selling prices rose for the fifth month. Lastly, optimism softened to its weakest since January, with only around 10% of businesses expecting growth in the year ahead.