Saudi private sector growth maintains momentum | GulfNews.com:
"Growth in Saudi Arabia’s non-oil private sector was maintained at a steady rate in June, according to the latest Purchasing Managers’ Index (PMI) data from Emirates NBD.
Output and new order growth remained very strong in June, although the pace of activity and order growth in June was slightly slower than May.
“The non-oil sector in Saudi Arabia is expanding at a robust rate, despite low oil prices, government spending cuts and more recently, higher interbank lending rates. Firms appear to be increasing operating efficiency, as jobs growth remains sluggish even as activity and new orders are rising,” said Khatija Haque, Head of Mena Research at Emirates NBD."
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