Saudi Arabia’s PMI rose from 56.9 in October to 59 in November, marking the fourth consecutive month of expansion
Saudi Arabia’s non-oil private sector firms witnessed strong activity in November despite experiencing the fastest rise in input costs in over four years. Business activity expanded at the sharpest pace since July 2023, helped by an increase in new orders, purchasing activity and staff recruitment.
The headline seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) rose from 56.9 in October to 59 in November, marking the fourth consecutive month in…
