Riyadh Bank PMI: Non-oil private sector activity in Saudi Arabia continues to grow in October with operating conditions improving for the seventh consecutive month, despite military escalation and attacks on the kingdom's airports. Saudi Arabia's PMI fell to 54 points in October from 55.3 points in September, but registered the second highest level since February. The inflation rate of production input costs in the non-oil private sector rose in October to the highest level since June. Companies in the non-oil private sector increased their number of employees in October, for the fourth month in a row, but at a slower pace than in September. Companies bolstered their manufacturing requirements inventories at a strong pace in October to create reserves in anticipation of any supply chain disruptions. The rate of inflation in producer prices in the non-oil sector fell in October, to the lowest level in 9 months, as companies resorted to greater discounts in light of increased competition.

Riyadh Bank PMI: Non-oil private sector activity in Saudi Arabia continues to grow in October with operating conditions improving for the seventh consecutive month, despite military escalation and attacks on the kingdom's airports. Saudi Arabia's PMI fell to 54 points in October from 55.3 points in September, but registered the second highest level since February. The inflation rate of production input costs in the non-oil private sector rose in October to the highest level since June. Companies in the non-oil private sector increased their number of employees in October, for the fourth month in a row, but at a slower pace than in September. Companies bolstered their manufacturing requirements inventories at a strong pace in October to create reserves in anticipation of any supply chain disruptions. The rate of inflation in producer prices in the non-oil sector fell in October, to the lowest level in 9 months, as companies resorted to greater discounts in light of increased competition.