Saudi non-oil private sector growth hits 4-month high

14 Mar 2015

(MENAFN) According to a monthly report from Saudi British Bank (SABB) and HSBC, growth in Saudi Arabia’s nonoil private sector accelerated to a four-month high in February, Arab News reported.

SABB has published the results of the headline SABB HSBC Saudi Arabia Purchasing Managers’ Index (PMI) for February 2015, a monthly report issued by the bank and HSBC.

It reflects the economic performance of Saudi Arabian nonoil producing private sector companies through monitoring a number of variables, including output, orders, prices, stocks and employment.

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