The main Purchasing Managers' Index (PMI) for Saudi Arabia of the (IHS Markit) group, related to the non-oil private sector, rose from 54.1 in August 2021 to 58.6 in September of the same year. The year is at its highest level in 12 years.
This reading was supported by new business growth to a 7-year high, as well as an acceleration in production growth due to a sharp rise in new orders.
In contrast, the index in Egypt decreased from 49.8 in August 2021 to 48.9 in September of the same year, recording its lowest level in 4 months.
According to last month's data, production and new orders fell slightly for Egypt, while procurement costs rose at the fastest rate since October 2018.
The index for the UAE also declined from 53.8 last August to 53.3 in September 2021.
According to last month's data, new work increased in the UAE with continued improvement in demand and backlog increased at the fastest rate since March 2020, while there was a sharp increase in production Although the rate of job creation has slowed.
