Economy and macroUpdated November 3

Kuwait PMI rises as new orders grow fastest since February

Forbes Middle East reports that the S&P Global Kuwait PMI rose to 52.9 in October from 52.4 in September, staying above the 50-point threshold for a fourth consecutive month. Output increased for a fourth consecutive month, while growth in new orders reached its fastest pace since February. The report also recorded accelerating input-cost inflation and business optimism about output over the next 12 months at its highest level since February.

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Coverage started November 3