RPT-Saudi non-oil private sector hits decade-low on coronavirus - PMI - Reuters:
Saudi Arabia’s non-oil private sector shrank in March at its fastest rate on record as emergency measures to contain the coronavirus outbreak dealt a heavy blow to business, a survey showed on Sunday.
The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers’ Index (PMI) fell to 42.4 in March - the biggest drop since the survey began in August 2009 - from 52.5 in February.
It was also the first time the headline index has fallen below the 50.0 mark that separates expansion from contraction.
As of April 2, Saudi Arabia had recorded 1,885 infections and 21 deaths, the most in the six-member Gulf Cooperation Council.
No comments:
Post a Comment