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Financial News: Saudi Arabia Non-Oil Private Sector Growth Robust In

Saudi Arabia Non-Oil Private Sector Growth Robust In December

01/04/2018 - 01:10:00 (RTTNews)

(RTTNews) - Saudi Arabia's non-oil private sector activity continued to expand strongly in December, survey data from IHS Markit showed Thursday.

The headline Emirates NBD Purchasing Managers' Index, or PMI, dropped to 57.3 in December from 57.5 in November. However, any reading above 50 indicates expansion in the sector.

The overall growth in December was driven by solid rises in both output and new orders.

On the price front, input cost inflation accelerated to a 16-month high.

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