Kuwait, 7 March, 2025 : Kuwait’s non-oil private sector growth slowed in February 2025, with the Purchasing Managers’ Index (PMI) dropping to 51.6 from 53.4 in January, marking its weakest expansion since September, according to S&P Global.
Despite a continued rise in output and new orders, growth momentum eased. Employment declined for the first time in six months, and firms cut selling prices for the second time in three months, even as input costs surged.
While business conditions remained positive, the slowdown in hiring and purchasing activity signaled a weaker outlook. Growth in output, which has been expanding since February 2023, also decelerated for the third consecutive month, reaching its slowest pace since October 2024.
Source : www.zawya.comRelated Posts
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