In April, Saudi Arabia's non-oil business sector maintained steady growth with a PMI of 57.0.
In April, Saudi Arabia's non-oil business sector maintained steady growth with a Purchasing Managers' Index (PMI) at 57.0, equal to March's figure. Despite a slowdown in new order growth, domestic demand drove output and supported non-oil GDP growth (2.8% YoY). The wholesale and retail sectors led in production growth, with the PMI indicating continued economic expansion above the 50-point threshold.
May 05, 2024
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