Business activity in Saudi Arabia’s non-oil private sector expanded at the fastest pace in almost eight years as an economic boom fueled rising demand.
New orders rose in February by the most since September 2014, and companies are optimistic about the year ahead, according to a survey of purchasing managers compiled by S&P Global.
The Riyad Bank Saudi PMI rose to 59.8 last month from 58.2 in January, well above the 50-mark separating growth from contraction and the highest since March 2015.
No comments:
Post a Comment