Saudi private sector growth rebounds in November

Saudi Arabian non-oil private sector growth rebounded in November following a back-to-back slowdown in September and October, according to a new survey.

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Saudi Arabian non-oil private sector growth rebounded in November following a back-to-back slowdown in September and October, according to a new survey.

Saudi Arabian non-oil private sector growth rebounded in November following a back-to-back slowdown in September and October, according to a new survey.

Data from the Emirates NBD Saudi Arabia Purchasing Managers’ Index (PMI) showed that utput, new orders, purchasing activity and input stocks all rose sharply and at faster rates than in the prior month.

That said, the expansions remained weaker than their respective averages. Subsequently, the majority of firms left employment unchanged, with the rate of hiring picking up slightly but remaining only modest.

Cost pressures meanwhile intensified, leading to a renewed increase in charges after two successive declines. More info

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