Saudi PMI eases to 53.1 in July but keeps up fourth straight months of expansion
Domestic demand did the heavy lifting, keeping output and new orders rising
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Domestic demand did the heavy lifting, keeping output and new orders rising
The Kingdom’s PMI climbed to 52.8 last month, lagging behind the long-term average of 56.8
Positive sentiment around a potential agreement from the US and Iran helped boost the recovery
The headline PMI reading fell for the fifth consecutive month by 1.4 points to 46.6 in April
The headline index rose to 51.5 in April from March’s 48.8
Shipping route disruptions — coupled with a slump in demand in other sectors — led to a decline in output…
Geopolitical tensions and softer demand weighed on activity
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