KSA, 5 March, 2025 : Saudi Arabia’s non-oil private sector continued expanding in February, driven by strong sales and business activity, despite a slight slowdown from January’s high, according to the Riyad Bank PMI.
The PMI fell to 58.4 from 60.5 in January but remained well above 50, signaling strong growth. New orders eased to 65.4 from 71.1, though tourism and marketing efforts supported sales.
Employment rose at the fastest pace in 16 months, especially in manufacturing and services, as firms expanded to meet demand.
Input costs increased due to higher material prices and wages, but inflation slowed slightly. Business confidence hit a 15-month high, reflecting optimism about economic growth and government support.
Source : www.zawya.comRelated Posts
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