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FINANCIAL NEWS
Saudi’s non-oil sector jumps faster in Dec
05 Jan 2017
(MENAFN) Growth of the Saudi Arabian non-oil private sector enhances in December, while output rose at the sharpest rate since August and new orders increased at albeit slightly slower.
Meanwhile, firms responded to increased needs by raising their purchasing activity and boosting inventories amid positive growth projections.
Accordingly, improving demand was a key driver for output and new order growth in the kingdom in December, which is positive for 2017.
Recently, companies increased purchases and accumulated inventory in anticipation of future orders, while they were reluctant to boost hiring.
M
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