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Saudi non-oil economy improves in September
The data from the Purchasing Managers' Index (PMI) issued by Riyad Bank confirms that the non-oil private sector in Saudi Arabia has reached its highest level since February 2026, with a notable improvement in business conditions during September 2026. The index rose from 53.8 points to 55.3 points, reflecting a recovery in demand and increased business activity, despite a decline in foreign customer demand for the seventh consecutive month due to supply chain disruptions and regional tensions. Additionally, companies experienced increased employment, rising costs for materials and transportation, and a significant increase in selling prices. There are optimistic expectations for continued growth in the coming months, driven by improved domestic demand and corporate investments in expanding their capacities, despite ongoing challenges related to geopolitical instability.
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