Saudi Non-Oil Private Sector Growth Quickens to 7-Year High
Visitors walk past the Saudi Arabia pavilion during the opening day of the Expo 2020 exhibition in Dubai, United Arab Emirates, on Oct. 1.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
Business activity in Saudi Arabia last month grew at the fastest pace in seven years as fewer Covid-19 restrictions led to a boost in the non-oil economy.
A Purchasing Managers’ Index compiled by IHS Markit rose to 58.6 in September from 54.1 during the previous month, the largest monthly gain in points on record. The acceleration was mainly attributed to faster growth in new orders.