Arab Today, arab today saudi private sector growth remains strong in may
Last Updated : GMT 04:49:32
Arab Today, arab today
Arab Today, arab today

Saudi private sector growth remains strong in May

Arab Today, arab today

Arab Today, arab today Saudi private sector growth remains strong in May

Riyadh - Arabstoday

Business activity growth levels in Saudi Arabia\'s private sector remained strong in May, a new purchasing managers\' survey showed on Monday. The Saudi British Bank (SABB) HSBC Saudi Arabia Purchasing Managers\' Index (PMI), which measures the performance of the kingdom\'s manufacturing and services sectors, was unchanged at 60.4 last month. Demand for Saudi Arabian private sector goods and services were strong in May, with new orders rising at the fastest rate for almost a year. Output and employment levels were increased over the month as a result, although rates of growth in each case were slightly slower than in April. At the same time, cost pressures remained strong as demand pressures filtered through into both the materials and labour markets. May also saw new business placed at Saudi Arabian non-oil private sector firms increase at the fastest rate in 11 months. Data showed that while international sales continued to increase, the domestic market remained the predominant factor driving growth. In line with a rise in new orders, private sector companies in the Gulf kingdom expanded production levels and recruited additional staff during May. In both cases, however, growth was slightly weaker than during the previous month. Despite a rise in staffing capacities, backlogs of work increased for the eighth month in a row during May. The rate of growth was broadly unchanged since April, and faster than the series average. Slowing only slightly on April\'s series-record high, cost inflation facing Saudi Arabian non-oil private sector firms remained sharp in May, the survey showed. With demand remaining strong, firms were able to pass on at least part of the burden of higher costs to clients as charge inflation rose to the strongest for 11 months. The PMI reflects the economic performance of Saudi Arabian non-oil producing private sector companies through the monitoring of a number of variables, including output, orders, prices, stocks and employment. By Arabian Business

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 private sector growth remains strong in may Arab Today, arab today saudi private sector growth remains strong in may

 



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 private sector growth remains strong in may Arab Today, arab today saudi private sector growth remains strong in may

 



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 Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
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