Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Latest News
12-01-19
Saudi private market sees record slow pace
(MENAFN) Saudi Arabia recorded a significant slow pace in the growth of its non-oil private sector by the end of last year, to mark the slowest rate to be seen in 9 years.
Such slow rate is considered as a sign for a weak development in the non-oil private economy during 2018 compared to earlier years.
The result was unveiled by the Emirates NBD Purchasing Managers' Index (PMI) for Saudi Arabia.
According to the PMI, private sector growth averaged 53.8 last year when compared to a yearly average of 58.0 in the past eight years.
MENA economist at Emirates NBD Daniel Richards noted that "while output dipped from its recent peak in November, it remained comfortably above the 2018 average of 57.6, coming in at 58.2."
Richards added that "new orders followed a similar trend, falling from November but at 58.4 still stronger than seen earlier in the year."
MENAFN1201201900450000ID1097962421
View the Financial News Archive
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us