Saudi Arabia non-oil private growth in June
Private sector non-oil activity in Saudi Arabia rose in June, with a strong improvement in operating conditions and a surge in new business at the fastest rate since February, despite ongoing cost pressures and weak external demand. The Purchasing Managers' Index (PMI) stood at 53.3 points, driven by increased confidence and higher local spending. However, export orders contracted for the fourth consecutive month, and employment declined, while input costs experienced the highest increase in 15 years.
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