Economics
Saudi Business Activity Ends Monthslong Funk But Jobs Lag
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Business conditions in Saudi Arabia improved for the first time since September as the effects of the pandemic ebbed away despite sluggish gains in employment and some labor shortages.
A Purchasing Managers’ Index compiled by IHS Markit rose to 56.2 in February from 53.2 during the previous month. The gain was led by a surge in new business growth, better sentiment and customer demand.