Saudi Arabia's non-oil private sector growth remained steady - though uncha...
FILE PHOTO: Cars drive past the King Abdullah Financial District in Riyadh, Saudi Arabia December 18, 2018. REUTERS/Faisal Al Nasser/File Photo
The seasonally adjusted Emirates NBD Saudi Arabia Purchasing Managers’ Index remained unchanged month on month at 56.8 in April. A reading above 50 indicates expansion and below that contraction. But private sector growth picked up pace this year. It rose to a 13-month high in January and continued to gain momentum — though only marginally — through February and March.
The output sub-index rose to 61.2, the highest since December 2017, while new order growth remained strong, at 63.5, but two points below March levels.
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