Saudi marketUpdated November 3

Saudi non-oil PMI eases as expansion continues

Saudi Arabia’s non-oil private sector continued to expand in October, as the Riyad Bank PMI, compiled by S&P Global, eased to 54.0 from 55.3 in September. The reading stayed above 50 for a seventh straight month, signaling continued improvement in operating conditions. Yet the softer headline reading did not mean output growth slowed: the survey found that output growth accelerated. It also recorded higher input-cost inflation and a steeper fall in export sales, showing that expansion continued alongside pressure on costs and exports.

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Coverage started November 3