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Saudi non-oil sector shows growth in September
The latest Purchasing Managers' Index (PMI) released by Riyad Bank indicates a notable improvement in Saudi Arabia's non-oil private sector in September 2026, with the PMI rising to 55.3 points—the highest level since February. This reflects a recovery in business conditions following a slowdown in the middle of the year. New orders experienced a sharp increase, driven by improved local market conditions and business expansions, amid significant rises in material and transportation costs, which led to higher selling prices. Despite a seven-month decline in demand from foreign clients, employment and spending have been bolstered, with increases in purchasing activity and production capacity expansions. Expectations suggest that ongoing improvements will mirror anticipated growth in the coming months, supported by a stable market and enhanced operational capabilities for companies.
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