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Saudi non-oil sector employment rises amid steady growth: Survey

Saudi non-oil sector employment rises amid steady growth: Survey
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Saudi non-oil business activity sees sharp output rise in May - PMI

Saudi non-oil private sector expansion quickens as recovery deepens: PMI

Business activity in Arab world s largest economies improves in May as vaccinations boost confidence

Saudi non-oil private sector expansion quickens as recovery deepens - PMI

Reuters 3 minute read A view shows vehicles driving on a street in Riyadh, Saudi Arabia February 16, 2021. REUTERS/Ahmed Yosri Saudi Arabia s non-oil private sector expanded for the ninth consecutive month in May and did so at a pace that quickened for a second straight month, a survey showed on Thursday, further solidifying its recovery from the pandemic and last year s historic slide in oil prices. The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers Index (PMI) rose to 56.4 in May from 55.2 in April, its fastest pace of growth since January. It signalled a robust improvement in business conditions and approached the series average of 56.9.

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