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FINANCIAL NEWS
Saudi’s non-oil private sector enhances greatly in quarter
08 Aug 2017
(MENAFN) Growth in the Saudi non-oil private sector jumped at the start of the third quarter on the back of increases in output and new orders.
Meanwhile, greater output needs enhanced firms to buy more inputs and stimulated job creation in the sector.
Furthermore, on the price front, input costs increased at a solid and accelerated pace, while firms’ ability to pass on higher cost burdens to customers was restricted by intense market competition.
Accordingly, fasting growth in output and new orders supported the headline PMI in the kingdom increase in July, signaling the fastest rate of non-oil sector expansion in three months.
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