FILE PHOTO: View shows the King Abdullah Financial District, north of Riyadh, Saudi Arabia, March 1, 2017. REUTERS/Faisal Al Nasser
The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers’ Index rose to 50.0 from 47.7 in June, settling at the mark that separates growth from contraction. “Indicators for output, new orders and jobs all rose in July but fell short of the 50.0 mark, meaning that the PMI would have remained below 50.0 were it not for a solid rise in stocks of purchases and longer suppliers’ delivery times.”
The world’s biggest oil producer had the region’s highest coronavirus figures as of Aug. 3, with over 280,000 cases and nearly 3,000 deaths.
'stable' oh what joy
It’s what’s in the palace that is unstable....
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