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Kuwait PMI slips to 46.4 while Qatar rebounds to four-month high
RIYADH: Non-oil business activity in Kuwait and Qatar remained in contraction in June as supply disruptions, regional geopolitical tensions and cost pressures weighed on business conditions. S&P Global data showed Kuwait’s Purchasing Managers’ Index fell to 46.4 in June from 47.2 in May, remaining below the 50-point threshold that separates expansion from contraction for a fourth consecutive month. Qatar’s PMI, meanwhile, improved to a four-month high of 47.6 from 45.9, signaling a slower pace of deterioration in business conditions.
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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…
