Saudi Arabia's Non-Oil Private Sector Business Activity Expands Amid Robust Demand and Hiring
AI Summary1 min read
TL;DR
Saudi Arabia's non-oil private sector grew in November due to strong demand and hiring, though new orders and employment growth slowed slightly from October, with the PMI indicating continued expansion.
Tags
Saudi Arabianon-oil private sectorPMIbusiness activityemployment growth
Saudi Arabia's non-oil private sector business activity expanded in November, driven by robust demand and hiring, but new order growth slowed from the previous month. The Riyad Bank Saudi Arabia Purchasing Managers' Index slipped to 58.5 from 60.2 in October, but remained above 50, signaling strong activity growth. Employment growth slowed from October's near-record high but remained robust, with firms expanding staffing to meet higher demand and rising unfinished business.
