Arab Today, arab today saudi arabia’s february pmi falls slightly
Last Updated : GMT 08:44:49
Arab Today, arab today
Arab Today, arab today

Saudi Arabia’s February PMI falls slightly

Arab Today, arab today

Arab Today, arab today Saudi Arabia’s February PMI falls slightly

Jeddah - Agencies

Growth in business activity in Saudi Arabia’s non-oil private sector fell slightly in February but remained strong, supported by new orders, a survey of over 400 private companies published on Monday showed. The SABB HSBC Saudi Arabia Purchasing Managers’ Index (PMI), which measures activity in the manufacturing and services sectors, slid to 59.62 in February from 60.04 in January. The seasonally adjusted index stayed well above the 50 mark distinguishing growth from contraction. New order growth was 68.58 in February against 68.90 in January but it remained above the average over the 31-month history of the survey. Overall input price inflation accelerated to 59.21, near the record high for the series, from 58.37 because of rises in both personnel and purchasing costs. Purchasing cost inflation hit an eight-month high, with about 22 percent of respondents noting a rise in prices and only 4 percent reporting a decline. Wages rose in February because of higher living costs, harder work by employees and the costs of the government's drive to move Saudi citizens into more jobs. However, staff cost inflation was the lowest since last October. Analysts in a Reuters poll conducted in December predicted Saudi Arabia’s gross domestic product would expand 4.0 percent this year, after an officially estimated 6.8 percent last year, but a sharp rise in global oil prices since then may make that forecast too conservative.  

arabstoday
arabstoday

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 saudi arabia’s february pmi falls slightly Arab Today, arab today saudi arabia’s february pmi falls slightly

 



Arab Today, arab today

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 saudi arabia’s february pmi falls slightly Arab Today, arab today saudi arabia’s february pmi falls slightly

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
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