Saudi Arabia's August revenues hit new high
Short-term business outlook indicators in Saudi Arabia show that the index of operating revenues increased by 3% in August 2026 compared to the same month of the previous year, while decreasing by 1.1% month-on-month from July 2026. The employee compensation index also recorded a 6.3% annual increase, with notable growth in manufacturing (7.7% in revenues and 9.7% in employee compensations) and construction (3.2% in revenues and 4.2% in employee compensations). Conversely, the number of building permits issued declined by 19.7% year-on-year and fell by 3.6% compared to July 2026. The report indicates that these data reflect the performance of various sectors of the Saudi economy over the short term, specifically during August.
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