Saudi Arabia PMI edges lower in April but employment ticks up

Saudi Arabia PMI edges lower in April but employment ticks up:

"Saudi Arabia’s Purchasing Managers’ Index (PMI) edged lower last month as new orders contracted.
Saudi PMI fell to 51.4 in April from 52.8 in March, which represents the lowest reading since the series began in August 2009.
The PMI report from the UAE’s largest bank, Emirates NBD (ENBD), showed that the Kingdom’s new orders weakened in April."



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