Saudi Arabia's non-oil private sector continued to grow in March, while emp...
FILE PHOTO: Cars drive past the King Abdullah Financial District in Riyadh, Saudi Arabia, November 12, 2017. REUTERS/Faisal Al Nasser
The seasonally adjusted Emirates NBD Saudi Arabia Purchasing Managers’ Index rose to 56.8 in March from 56.6 in February. A reading above 50 indicates expansion and below that contraction. But private sector growth picked up pace this year. It rose to a 13-month high in January and continued to gain momentum — though only marginally — through February and March.
The new orders sub-index rose to 65.5 in March, an almost four-year high, while the output sub-index rose to a seven-month high of 59.6, up marginally from 59.2 in January.
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