Saudi Arabia Non-Oil Private Sector Growth At 6-Month High

(RTTNews) - Saudi Arabia's non-oil private sector activity expanded at the fastest pace in six months in June, survey data from IHS Markit showed Tuesday.

The headline Emirates NBD Purchasing Managers' Index, or PMI, climbed to 55.0 in June from 53.2 in May. Any reading above 50 indicates expansion in the sector.

Among components, both output and new orders grew at faster rates in June. Despite this, the rate of job creation was slight overall, albeit fractionally above that in May.

On the price front, both input and output price pressures remained subdued in the context of historical data.