Saudi output growth falls sharply to lowest in 10 months: IHS Markit
Published 05 Sep,2021 via Arab News - Economy - Saudi Arabia's activity growth in the non-oil sector weakened in August with output expansion at its weakest in 10 months.
August PMI data from IHS Markit survey data showed a fall to 54.1 in August down from July's 55.8.
Despite the fall, the reading suggested an improvement in the non-oil sector, albeit a slower growth as the subdued recovery was put down in part to increases in Covid-19 cases globally dampening foreign demand.
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