In parallel with the increasing confidence of companies, the growth of the non-oil sector in Saudi Arabia is accelerating.
June 3, 20251 ViewsRead Time: 1 minutes
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In May, the non-oil private sector in Saudi Arabia witnessed accelerated growth driven by an increase in demand, while companies' confidence strengthened.
The "Riyadh Bank" Purchasing Managers' Index, adjusted for seasonal factors, rose to 55.8 points in May 2025 from 55.6 in April.
New order volumes rebounded strongly in May from an 8-month low recorded in April 2025, attributed to increased demand, strong sales performance, and new marketing initiatives. New export orders also grew, albeit at the slowest pace in 7 months.
It is worth noting that the 50-point level separates growth from contraction, indicating that the index recorded a growth margin last month.
