Saudi business confidence rises to 56.6 in June on stronger non-oil sentiment

RIYADH: Saudi Arabia’s Business Confidence Index rose to 56.6 in June from 55.6 in May, marking a third consecutive monthly gain as confidence improved across the non-oil economy. The June reading, released by the General Authority for Statistics, remained well above the neutral 50-point mark, indicating continued optimism among businesses following a sharp dip to 52.1 in March. The index recovered to 54.5 in April before climbing further in May and June.

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