Saudi Arabia's non-oil private sector surged in October 2025, hitting a near-decade high in growth amid rising demand, hiring, and prices.

Saudi Arabia's non-oil private sector grew at its second-highest rate in over a decade in October 2025, with its PMI rising to 60.2, driven by strong new orders, output, and employment growth. Firms expanded purchasing and inventory levels rapidly, while inflation pressures persisted due to rising wages and input costs, leading to the steepest price increases since May 2023. The data reflects robust momentum in the non-oil economy, supporting ongoing diversification under Vision 2030.