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FINANCIAL NEWS
Saudi’s non-oil private sector continues to grow
04 May 2016
(MENAFN) Saudi’s non-oil private sector delayed in April, with business conditions increasing at the slowest pace in three months.
Furthermore, output continued to grow sharply, but the rate of job creation eased to near-stagnation.
In addition, purchasing activity at the sector continued to increase, extending the recent upturn which has run throughout the survey’s history.
The rate of inflation was modest, dampened by a first fall in salaries since the series started in 2009.
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