image description
image description

Archives


  • 03-06-15

    Saudi non-oil business growth slows in May

    (MENAFN) Saudi Arabian non-oil private sector slowed down with profits due to hindrances that occurred to expansion projects in the sector, according to an official survey, Reuters reported.

    Despite remaining strong, the non-oil private sector has been impacted by the lower oil prices, which took its toll on oil industry projects and finally reached into the non-oil economy.

    The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers' Index dropped to 57.0 points last month from 58.3 points in April. A reading above 50 points indicates expansion and below 50, contraction.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved