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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. ....

Saudi Arabia , David Owen , Thomson Reuters Trust Principles , Saudi Arabia Purchasing Manager Index , Future Output Index , Thomson Reuters Trust , சவுதி அரேபியா , டேவிட் ஓவந் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , சவுதி அரேபியா வாங்குதல் மேலாளர் குறியீட்டு , எதிர்கால ஔட்‌புட் குறியீட்டு , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Saudi non-oil private sector keeps up steady growth in March - PMI


By Reuters Staff
2 Min Read
FILE PHOTO: View shows the King Abdullah Financial District, north of Riyadh, Saudi Arabia, March 1, 2017. REUTERS/Faisal Al Nasser
DUBAI (Reuters) - Saudi Arabia’s non-oil private sector grew for the seventh straight month in March, albeit at a slower pace, with output and new orders expanding more moderately than a month earlier, a survey showed on Monday.
The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers’ Index (PMI) fell slightly to 53.3 in March from 53.9 in February, remaining above the 50 mark that separates expansion from contraction.
The overall index has fallen from a recent peak of 57.1 in January, indicating the recovery from the COVID-19 pandemic has lost some momentum. ....

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