Saudi Private-Sector Employment Rises for First Time This Year

“The Saudi Arabia PMI rebounded in April to indicate a strengthening of growth across the non-oil economy,” said David Owen, economist at IHS Markit. Non-oil private sector activity grew for an eighth consecutive month and the kingdom’s Purchasing Managers’ Index rose to 55.2 last month from 53.3 in March, remaining above the 50-mark separating growth from contraction.