Arab Today, arab today more exports drive nonoil private sector growth
Last Updated : GMT 21:15:54
Arab Today, arab today
Arab Today, arab today

More exports drive nonoil private sector growth

Arab Today, arab today

Arab Today, arab today More exports drive nonoil private sector growth

Riyadh - Arabstoday

The Saudi British Bank (SABB) has published the results of the headline SABB/HSBC Saudi Arabia Purchasing Managers\' Index (PMI) for October 2012 — a monthly report issued by the bank and HSBC. It reflects the economic performance of Saudi Arabian nonoil producing private sector companies through the monitoring of a number of variables, including output, orders, prices, stocks and employment. The seasonally adjusted SABB/HSBC Saudi Arabia PMI posted 59.8 in October, down slightly from September\'s four-month high of 60.3. The latest reading was in line with average for the 39-month survey history. Underpinning the latest improvement in operating performance were further increases in both output and new business. Rates of expansion slowed marginally from recent highs, but nonetheless remained substantial and above survey averages. Companies reported that the domestic market remained the prime source of new orders, reflecting improving sentiment and successful marketing initiatives. Levels of new export business also continued to rise in October, despite signs of slower growth of the global economy in recent months. Survey respondents mainly linked improved foreign demand to gains in new business from within the GCC. Strong growth of new business increased the pressure on capacity in the nonoil-producing sector. This was highlighted by a series-record increase in levels of work-in-hand (but not yet completed) in October. Subsequently, companies increased employment for the 13th successive month. Increased demand for their products and services improved the pricing power of Saudi Arabian nonoil producing companies in October. Average selling prices rose for the second successive month and at the fastest rate since June 2011. There were also reports of charges being raised in line with higher input costs. Overall input prices posted a further increase during the latest survey period, reflecting higher staff costs and purchase prices. The steeper inflation was signaled for purchasing costs, which rose for four months. Average wages and salaries were only moderately higher than in September, with the vast majority of companies reporting no change. Purchasing activity rose sharply in October, continuing a trend observed throughout the survey history. Companies raised input buying volumes in response to increases in business activity and incoming new work. Part of the rise in purchasing reflected a preference for expanded stock holdings, in line with panelist\'s expectations of further output and demand growth in coming months. Average supplier performance also continued to improve. From Arab News

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today more exports drive nonoil private sector growth Arab Today, arab today more exports drive nonoil private sector growth

 



Arab Today, arab today
Arab Today, arab today Reveals his participation in "Fashion Star" TV show

GMT 12:49 2017 Wednesday ,01 March

Reveals his participation in "Fashion Star" TV show
Arab Today, arab today Egyptair and Etihad Airways sign partnership

GMT 21:08 2017 Wednesday ,01 March

Egyptair and Etihad Airways sign partnership
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN report confirms war crimes were committed

GMT 20:43 2017 Wednesday ,01 March

UN report confirms war crimes were committed
Arab Today, arab today NUMP's conference to discuss proplems

GMT 13:40 2017 Wednesday ,01 March

NUMP's conference to discuss proplems
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Lasers flesh out dino-bird profile

GMT 12:24 2017 Wednesday ,01 March

Lasers flesh out dino-bird profile
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Najla Badr will participate in “30 Days” drama

GMT 06:23 2017 Monday ,27 February

Najla Badr will participate in “30 Days” drama
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:54 2017 Wednesday ,01 March

Shanghai expands public smoking ban

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom,China plunges into biz

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:27 2017 Wednesday ,01 March

GSMA: 5 billion mobile phone users in 2017

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday