Saudi Arabia's Non-Oil Private Sector Business Activity Expands Amid Robust Demand and Hiring

Saudi Arabia's non-oil private sector business activity expanded in November, driven by robust demand and hiring, but new order growth slowed from the previous month. The Riyad Bank Saudi Arabia Purchasing Managers' Index slipped to 58.5 from 60.2 in October, but remained above 50, signaling strong activity growth. Employment growth slowed from October's near-record high but remained robust, with firms expanding staffing to meet higher demand and rising unfinished business.