Saudi non-oil private sector grows first time since February this year

Posted on October 16, 2020

• The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers' Index rose to 50.7 from 48.8 in August • This is above the 50 mark that separates growth from contraction • Unemployment among Saudi citizens rose to a record-high of 15.4% in the second quarter, while the economy shrank by 7%.