Measures the total outstanding credit provided by the UAE banking system to private businesses and individuals. It is a vital indicator of domestic demand, investment activity, and the overall health of the non-oil economy. Growth in private sector lending typically correlates with GDP expansion and business sentiment.
Data is compiled by the Central Bank of the UAE from monthly returns submitted by all licensed commercial banks operating in the country.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Mar 31, 2014 | -3.80 | — | — |
| Feb 28, 2014 | -4.10 | — | — |
