S&P: Kuwait's economy recovers quickly
The data from the Purchasing Managers' Index (PMI) for non-oil sectors in August indicates a strong economic recovery in the Gulf countries, particularly the UAE and Saudi Arabia, which experienced their highest rates of expansion in 6 and 7 months respectively, driven by increased orders and business confidence. Trade activity in Kuwait rose for the second consecutive month, recording its fastest growth since February, supported by improvements in production and supply chains, despite a decline in Qatar due to cost pressures. With improved performance and supply chain stability, regional economic growth is expected to continue into the third quarter of 2026, although geopolitical challenges remain.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)