Saudi confidence indicators sent a broadly reassuring signal toward the end of 2025, with consumer sentiment rebounding from a summer dip and business confidence holding firmly in optimistic territory, according to figures from the General Authority for Statistics.

The breakdown

The Consumer Confidence Index (pdf) rose to 113.9 points in September, its highest level since the March peak of 114.6, marking a steady recovery from a July low of 110.2. The index has now stayed above the 100-point neutrality threshold continuously since January 2023, signaling sustained optimism among Saudi households regarding the economy.

The Current Economic Conditions Index remained the strongest component, rising to 131.5 points during the same month, reflecting positive consumer assessments of present economic conditions.

On the business side, the Kingdom’s Business Confidence Index (BCI) (pdf) stood at 60.7 points in November, slightly down from 61.1 in October, but still comfortably above the 50-point neutral level. Sector-level readings also remained firmly within optimistic territory, with industry confidence at 60.6 points (down 1.5% m-o-m), services confidence at 60.6 (up 3.8% m-o-m), and construction confidence at 60.7 points (down 2.3% m-o-m).

What the numbers mean

The alignment of these two indices suggests a positive cycle in the non-oil economy. Households are bullish about their current financial situation, which is directly feeding into the confidence of the services sector, where firms reported a jump in optimism during November.

Business leaders expect continued growth in sales, fixed investment expenditure, and overall business performance, suggesting that the slight monthly dip in industry and construction is likely a breather rather than a structural slowdown.

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