Saudi Arabia's Non-Oil Sector Growth Accelerates to Six-Month High in October

More than 40% of surveyed companies reported a surge in demand, fueled by strong domestic interest, innovative marketing strategies, and ongoing infrastructure investments, said Naif Al-Ghaith, Chief Economist at Riyad Bank. As a result, the non-oil sector’s contribution to GDP is expected to exceed 52%.

Despite this positive momentum, the month saw rising material costs and wages, with salary inflation reaching a notable high, leading to an overall increase in input price inflation—the sharpest seen since the start of the year.

Source : www.zawya.com