Non-oil business activity in Saudi Arabia grew strongly in December with new orders rising at the fastest pace in six months.
The Riyad Bank Purchasing Managers' Index in Saudi Arabia, adjusted for seasonal factors, recorded 57.5 in December, the same reading as November, ending the year above the 50 level, which indicates growth.
The production sub-index reading at 61 remained at strong levels, broadly similar in December to the previous month, while new orders rose as the sub-index advanced to 68.3, up from 66.3 in November and the highest reading. Since June due to improved demand.
Source (Al-Arabiya.net website, edited)
