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Saudi PMI rises to 57.2 in September as non-oil private sector grows

The Kingdom witnessed a sharp increase in economic activity and new businesses in the non-oil private sector in September. Photo/Shutterstock
The Kingdom witnessed a sharp increase in economic activity and new businesses in the non-oil private sector in September. Photo/Shutterstock
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03 Oct 2023 04:10:20 GMT9
03 Oct 2023 04:10:20 GMT9

Arab News

RIYADH: Saudi Arabia’s purchasing managers’ index rose to 57.2 in September, up from 56.6 in August, as business confidence in the non-oil private sector improved, showed an economy tracker.  

According to the Riyad Bank Saudi Arabia PMI report, compiled by S&P Global, the Kingdom witnessed a sharp increase in economic activity and new businesses in the non-oil private sector in September, signaling improved market conditions and rising client orders. 

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