Saudi Arabia' non-oil private sector expanded at a slightly slower rate in June, data from a survey by Markit Economics and the Saudi British Bank showed Tuesday.
The seasonally adjusted purchasing managers' index (PMI) for the non-oil private sector came in at 59.7 in June, a tad lower than May's reading of 60.4.
New orders increased strongly during the month, though at a slower pace compared to the previous month, supported by an improving domestic economy and increased oversees demand. Saudi firms raised their output at a slightly faster rate in June, reflecting the order growth.
Input price inflation remained unchanged in June. Meanwhile, output prices increased amid stronger competitive pressures, though at the weakest pace in four months.
Employment in the non-oil private sector grew for the ninth successive month in June, but the rate of job creation was the weakest in three months.
by RTT Staff Writer
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