Saudi Arabia non-oil sector growth hits 2018 high:
Growth in Saudi Arabia’s non-oil sector has reached its highest level this year as confidence in the Kingdom starts to return, a survey found. The Emirates NBD/IHS Markit Purchasing Managers Index (PMI) — a measure of non-oil business conditions — increased to 55 in June from 53.2 in May, marking the highest reading of 2018. The Kingdom’s PMI reading hit an all-time low of 51.4 in April. Anything below 50 would indicate a contraction in growth.
No comments:
Post a Comment