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Kuwait PMI rebounds above 50 as Egypt remains in contraction in July: S&P
RIYADH: Kuwait’s non-oil private sector returned to growth in July, with the Purchasing Managers’ Index rising to 50.8 from 46.4, while Egypt’s PMI remained in contraction territory for a seventh consecutive month. The latest S&P Global PMI surveys showed Kuwait’s headline reading moving back above the neutral 50-point threshold for the first time in five months, supported by the resumption of air travel following the reopening of the country’s airspace, which boosted output and new orders. Kuwait’s improving business conditions align with a broader economic recovery.
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arabnews.com
Saudi non-oil business activity remains strong as PMI stands at 53.1 in July
RIYADH: Saudi Arabia’s non-oil private sector maintained solid growth in July, with the Purchasing Managers’ Index standing at 53.1 supported by resilient output and new orders…
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Kuwait PMI rebounds above 50 as Egypt remains in contraction in July: S&P
RIYADH: Kuwait’s non-oil private sector returned to growth in July, with the Purchasing Managers’ Index rising to 50.8 from 46.4, while Egypt’s PMI remained in contraction…
