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2019-12-04 11:55:00

SAUDI ECONOMY UP

SAUDI ECONOMY UP

AN - The Saudi economy recorded its biggest increase in new work in more than four years in November according to a report from IHS Markit.

The headline seasonally adjusted Purchasing Managers' Index – a composite gauge designed to give a snapshot of operating conditions in the non-oil private sector economy – posted 58.3 in November, up from 57.8 in October.

"A bright spot was a quickening of overall new order growth, which reached its fastest pace since April 2015," said IHS MArkit economist Amritpal Virdee.

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