Saudi Arabia’s nonoil business activity growth accelerates | Arab News

Saudi Arabia’s nonoil business activity growth accelerates | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.:

"Growth in Saudi Arabia’s nonoil business activity accelerated in November, according to a survey.
The Saudi British Bank SABB has published the results of the headline SABB HSBC Saudi Arabia Purchasing Managers’ Index (PMI) for November 2013 — a monthly report issued by the bank and HSBC.
It reflects the economic performance of Saudi Arabian nonoil producing private sector companies through monitoring a number of variables, including output, orders, prices, stocks and employment.
At 57.1 in November, up from a reading of 56.7 in October, the headline PMI signaled an improvement in overall operating conditions at Saudi Arabian nonoil producing private sector companies. "

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