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Saudi non-oil sector continues to develop

08 Jun 2016

(MENAFN) Saudi economy slowed in April, while the non-oil PMI jumped to near record lows, but continued to an expansion in the non-oil economy.

Furthermore, the net change to government accounts posted its first grow in 4 months, increasing marginally by USD 0.37bn.

In addition, annual growth in bank on the public sector increased by 88.3 percent in April, owing to the large sovereign bond issuance to banks during the month.

On the other hand, inflation reached 4.2 percent in April, recording slowdown from 4.3 percent in March.

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