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الاقتصادية
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Saudi non-oil growth hits 6-month high
The non-oil private sector in Saudi Arabia experienced its fastest growth rate in six months during August 2026, supported by increased production and improved market activity. According to the Purchasing Managers' Index (PMI) issued by Riyad Bank, the index rose to 53.8 points from 53.1 in July, with domestic demand driving the growth and a broader expansion in production, although it remains below the long-term average of 56.8 points. Additionally, new orders increased for the fifth consecutive month, while exports declined for the sixth month due to international conflicts and competition. Employment levels rose, albeit modestly, and companies now hold excess capacity despite rising input and staff costs. The PMI results confirm strengthened confidence and increased expectation for future growth, supported by ongoing initiatives under Vision 2030, government investments, the expansion of the tourism sector, and private sector growth, all contributing to the continued non-oil growth of the kingdom.
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