Saudi Gazette - Saudi private sector growth accelerates in August

Saudi Gazette - Saudi private sector growth accelerates in August:

"

The Saudi non-oil producing private sector witnessed continuous expansion last August, the latest monthly results of the Saudi British Bank (SABB) headline SABB/HSBC Saudi Arabia Purchasing Managers’ Index showed Tuesday.

The headline PMI rose to a four-month high of 57.5 in August this year, up from July’s 56.6. Operating conditions have improved in every month of the survey history to date.

The latest rate of increase was in line with that seen in July. Concurrently, stocks of purchases accumulated at the weakest pace since December 2011, with the vast majority of survey respondents indicating unchanged inventory levels."

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