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Saudi non-oil business activity hits four-month high as PMI rises to 53.3
RIYADH: Saudi Arabia’s non-oil private sector expanded at a four-month high in June, with the Purchasing Managers’ Index rising to 53.3 from 52.8, driven by stronger domestic demand and new orders. The Riyad Bank Purchasing Managers’ Index, compiled by S&P Global, climbed to its highest level since February, signaling a solid improvement in operating conditions at the end of the second quarter. A reading above 50 indicates expansion.
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arabnews.com
UAE non-oil PMI slips to 50.8, weakest growth in over 5 years
RIYADH: The UAE’s non-oil private sector continued to expand in June, despite recording its weakest growth in more than five years, as the S&P Global Purchasing Managers’ Index…
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Saudi non-oil business activity hits four-month high as PMI rises to 53.3
RIYADH: Saudi Arabia’s non-oil private sector expanded at a four-month high in June, with the Purchasing Managers’ Index rising to 53.3 from 52.8, driven by stronger domestic…
