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Saudi Non-Oil Business Optimism Index Slides in Third Quarter

Saudi Arabia’s Business Optimism Index for non-hydrocarbon industries dropped to 37 in the third quarter from 52 points in the second quarter, according to National Commercial Bank and Dun & Bradstreet Corp.

The third-quarter reading for hydrocarbon industries was 23, down 20 points from the last quarter, the companies said in an e-mailed statement today. The construction sector index dropped to 44 from 57 over the same period, according to the statement.

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