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Saudi PMI falls in July on weaker output growth, job creation

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Saudi non-oil sector expansion continues but at slower pace - PMI

Saudi non-oil sector expansion continues but at slower pace - PMI SECTIONS Last Updated: Aug 03, 2021, 11:43 AM IST Share Synopsis The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers Index (PMI) stood at 55.8 in July down from 56.4 in June, due to weaker growth in output, new orders, and employment compared to the previous month. Reuters Saudi Arabia s non-oil private sector continued to expand in July but at a slower pace, according to a business survey, signaling that business conditions remain difficult as the largest Arab economy recovers from the coronavirus crisis. The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers Index (PMI) stood at 55.8 in July down from 56.4 in June, due to weaker growth in output, new orders, and employment compared to the previous month.

Saudi non-oil sector s expansion continues

Saudi non-oil sector s expansion continues
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Saudi non-oil sector employment rises amid steady growth - PMI

Reuters 2 minute read A view shows vehicles driving on a street in Riyadh, Saudi Arabia February 16, 2021. REUTERS/Ahmed Yosri DUBAI, July 5 (Reuters) - Saudi Arabia s non-oil private sector continued to expand in June at a fast rate and job creation rose to a 19-month high, a survey showed, as the largest Arab economy recovers from the coronavirus crisis. The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers Index (PMI) stood at 56.4 in June, unchanged from May, maintaining its fastest pace of growth since January. An increase in new orders, the fastest in five months, boosted business activity, reflecting the easing of coronavirus-related restrictions.

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