Non-oil private sector companies rebounded strongly in June, supported by production and new orders.
The significant rise in production and new orders in Saudi Arabia, at the highest rates in several years, contributed to companies boosting their purchasing activity at the fastest pace as they sought to meet the growing business requirements to support inventory, according to the "Riyad Bank Purchasing Managers" index of the "Standard & Poor's Global" group, which includes non-oil private sector companies.
The index showed the Saudi reading rose to 59.6 points in June, from 58.5 in May. Strongly supported by the construction and tourism sectors.
Source (Asharq Al-Awsat Newspaper, Edited)
