Construction and Tourism Support Saudi Arabia's Non-Oil Sector in June

  • Riyadh, KSA
  • 5 July 2023
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The Riyad Bank Purchasing Managers' Index (PMI) showed an increase in non-oil business activity in Saudi Arabia in June, supported by strong construction and tourism activities.

The seasonally adjusted index rose to 59.6 in June from 58.5 in May, far from the 50 mark between growth and contraction.

The output sub-index jumped to 66.1 from 61.7 in May, marking the fastest pace of growth since March 2015.

Source (CNBC Arabic Website, Edited)

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