Wednesday, 6 January, 2021 - 10:30
The Saudi non-oil private sector registered its best recovery rate in a year. (Asharq Al-Awsat) Riyadh, Abu Dhabi - Asharq Al-Awsat
The Saudi non-oil private sector registered its best recovery rate in a year, that is, before the Kingdom’s adoption of the lockdown measures to prevent the outbreak of Covid-19.
An international indicator revealed that sales of the private sector in the Kingdom recorded a significant growth at the end of 2020, thanks to an increase in new businesses, which in turn boosts the process of overcoming the negative effects of the pandemic.
According to IHS Markit, the headline seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers’ Index (PMI) rose to its highest reading for 13 months in December, up from 54.7 in November to 57.0, signaling a sharp improvement in operating conditions. In addition, the index marked a fourth successive month of