Saudi non-oil private sector grew in July
An economic report indicates that the non-oil private sector in Saudi Arabia experienced strong growth in July 2026, with the Purchasing Managers' Index (PMI) rising to 53.1 points, signaling continued expansion for the fourth consecutive month. The growth was driven by increases in production and new orders, although regional tensions and rising shipping costs still pose challenges to export performance. Additionally, international demand declined for the fifth consecutive month. The data also showed a slight improvement in employment and a reduction in excess production capacity, amidst ongoing challenges in the global markets.
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