Saudi non-oil privatesector record highest level in 8 years
Riyadh, March 6 -- The activity of the non-oil private sector in the Kingdom of Saudi Arabia (KSA) accelerated during February to the highest level in 8 years, in light of increased demand associated with the improvement of economic conditions, the Anadolu Agency reported.
Data from Standard & Poor's Global showed that the purchasing managers' index reading in Saudi Arabia which monitors the performance of non-oil private sector - rose to 59.8 points in February from 58.2 points in January.
The survey showed that the new orders sub-index rose to 68.7 last month, the highest reading in more than eight years from 65.3 in January, continuing a recent upward trend based on strong demand momentum.
Reuters attributed the significant rise in ...
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