Non-oil business conditions in Saudi Arabia improved strongly during the month of April, according to the Standard & Poor's Global Purchasing Managers' Index report for Saudi Arabia.
The report issued today, Monday, stated that production and new orders continued to rise sharply, which resulted in the purchase and inventory activity rising at the highest rate since December 2017.
The seasonally adjusted PMI for Saudi Arabia recorded a reading of 55.7 points, indicating a strong improvement in business conditions in the non-oil private sector, despite its decline from the level of It scored 56.8 points in March, dropping to its lowest reading in 3 months.
The report stated that production levels in the Kingdom continued to rise strongly at the beginning of the second quarter of the year, which many companies attributed to the strong growth in new customer orders.< /p>
