Saudi PMI reveals strong non-oil sector performance, despite price pressures 

Saudi PMI reveals strong non-oil sector performance, despite price pressures 

RIYADH: Saudi Arabia’s economy showed robust expansion in the non-oil private sector in November, driven by strong demand and the sharpest increase in new business inflows, despite cost pressures, an economic tracker showed. 

However, the Kingdom’s Purchasing Managers’ Index dropped to 57.5 in November from October’s 58.4.

This dip is attributed to slower staff and inventory growth rates, coupled with a notable reduction in delivery times, according to the Riyad Bank Saudi Arabia PMI report, compiled by S&P Global.  Saudi PMI reveals strong non-oil sector performance, despite price pressures