Indicators
Saudi Non-Oil Economy Boosted by Fastest Job Growth in 9 Years
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Saudi Arabia’s non-oil economy saw its fastest job growth in nine years in October, signaling another improvement in business conditions as the world’s biggest crude exporter seeks to diversify.
The Riyad Bank purchasing managers index for Saudi Arabia rose to 58.4 in last month from 57.2 in September. The gauge was well above the 50-mark separating growth from contraction and “indicative of a substantial upturn in the health of the Saudi Arabian non-oil private sector,” the report said.