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Saudi Arabia’s non-oil private sector continued to grow in October 2026, with business activity accelerating and domestic demand remaining strong. This was despite the Purchasing Managers’ Index (PMI) falling from 55.3 points in September to 54, its second-highest reading since February. Export orders declined for the eighth consecutive month, and at a faster pace, while growth in employment and purchasing slowed and business confidence weakened amid geopolitical tensions and rising costs. Input cost inflation rose to its highest level since June, but intensifying competition slowed the increase in selling prices to its weakest pace in nine months.
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