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Saudi non-oil private sector slowed down in November
- Saudi Arabia: Wednesday, December 05 - 2012 at 03:53
According to a report by Saudi British Bank (SABB), activity in Saudi Arabia's non-oil private sector slowed down in November, Saudi Gazette has reported. The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers' Index (PMI) for November indicated the non-oil private sector economy dropped to 57 in November from 59.8 in October, the lender said. New business in the sector continued to increase in November, though at the slowest pace in more than one year, reflecting the overall improvement in market conditions, the report said.
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