16 Hrs
Source:
الاقتصادية
Source: الاقتصادية
16 Hrsالاقتصادية
Source: الاقتصادية
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Saudi Arabia’s non-oil private sector continued to grow in October, supported by domestic demand and accelerating output, although the pace of expansion slowed. The Purchasing Managers’ Index fell to 54 from 55.3 in September, but remained in expansion territory for the seventh consecutive month. Growth in new orders, employment and purchasing eased, while export orders declined for the eighth consecutive month amid shipping disruptions and higher transport and insurance costs. Inflation in input costs reached its highest level since June. Despite continued hiring and rising inventories, output expectations for next year remained cautiously positive amid cost pressures and geopolitical tensions.
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