Saudi non-oil private sector growth hits six-month high

The Saudi Purchasing Managers' Index (PMI) stood at 53.8 points in August 2026, marking its highest level in six months. This reflects a significant improvement in the business conditions of the non-oil private sector for the fifth consecutive month. The growth was primarily driven by expanded production and favorable market conditions, despite a decline in export orders due to regional tensions and ongoing cost pressures. Additionally, the data showed increases in employment and improvements in the supply chain, with positive outlooks for market activity in the coming months, despite challenges related to competition and oversupply.

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